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TitleXAUUSD H4 | Bounce off major pullback support level? TypeBullish Bounce Preference:Price is approaching our pivot point at 1929.28. This pivot point is curcial, as it has just tapped the 27.2% fibo expansion, and possibly drop further to the 61.8% fibo retracement and 78.6% fibo projection major support level. We could see price rise to […]
TitleGBPUSD H4 | Bullish bounce off pivot point? TypeBullish Bounce Preference:Price is approaching our pivot point at 1.2677, which is an overlap support level, right above the 100% fibo projection. Price could bounce off this overlap support and rise to the 1st resistance at 1.2752, which is at the 38.2% fibo retracement level. Alternative scenario:If […]
TitleUSDCAD H4 | Running into resistance? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.33867 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33019 which is a pullback support. Alternative scenario: If price breaks above the pivot […]