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TitleXAUUSD H4 I Reacting off resistance level? TypeBearish Reversal Preference:The price is rising toward the pivot point in 1928-1930, which aligns with the 50% Fibo retracement level. A reverse from this level could lead the price to fall the 1st support at 1915.428, which is an overlap support Alternative scenario:However, if the price breaks above […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.06754 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.05978 which is a support level that […]