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TitleEURUSD H4 | React off resistance level? TypeBearish Reversal Preference: price is approaching our pivot point of 1.09574 which is an overlap support level that aligns with 50% Fibo retracement. A reverse from here, price could fall to1st support level at 1.09192 which is an overlap support level. Alternative scenario:However, if price breaks above the […]
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Brent Brent quotes are hovering above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has broken the resistance line. As a result, in this situation, the price is expected to grow further to the nearest resistance at 4/8 (87.50). The scenario can be cancelled by a downward breakout of the support […]
TitleNZDUD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is approaching our pivot point at 0.6064, which is at a multi-swing low support level. If price bounces off the pivot point, we can expect to see price rise to the 1st resistance at 0.6131, which is at a 50% fibo retracement and 78.6% fibo […]