Tag: tickmill
TitleEURUSD H4 | A reverse from resistance level TypeBearish Reversal Preference:Price has reversed from our pivot point at 1.09098 which is multi swing high resistance. if price were to break above it could push up to 1st resistance at 1.09642 which is another swing high resistance level. Alternative scenario:On the other hand, if price were […]
TitleEURUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:Price has bounced off our pivot at 1.07902, which has a fibo confluence of a 38.2% fibo retracement and 61.8% Fibo projection. If there is a reversal from this point, the price could potentially rally to the 1st resistance level at 1.09177, which is a swing high […]
TitleUS30USD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 32947.54 and potentially reverse from here, we could see momentum carry price down to its 1st support of 32227.7. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 33445.54. To discuss this trading idea, […]
TitleDXY H4 | Fibo confluence TypeBearish Reversal Preference:Price is approaching our pivot at 102.7001, which has 3 fibo confluences: a 78.6% Fibonacci retracement, a 127.20% Fibonacci extension, and a 61.8% Fibonacci projection, as well as a descending trendline. If the price were to break above the pivot point, it could potentially push up to the […]
Over the weekend, some members of the oil alliance OPEC+ announced that they’ll be producing less oil in the second half of 2023. This shocking news came before a joint ministerial meeting that was scheduled for today and caught the markets off guard, causing prices to jump up by over 6% and creating a frenzy […]
Daily Market Outlook, April 03, 2023 Opec+ Oil Shock As The Cartel Cuts 1.6Mln Barrels Of Supply, Oil Surges 8% Asia equity markets start the holiday shortened trading week with modest gains as investors digest a surprise move by Opec+, with the announcement of a supply cut issued Sunday afternoon, the cartel have committed to […]
TitleWTI H4 | Potential bearish reversal TypeBearish Reversal Preference:The price is currently at our pivot point of 79.072 which is just slightly above a 50% Fibonacci retracement level. If there is a reversal from here, it could push the price down to 1st support level at 76.462 Alternative scenario:However, If price were to break above […]
TitleEURUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1.09324 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07483. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.10332. To discuss this trading idea, […]
Daily Market Outlook, March 31, 2023 Month & Quarter End Flows Retain A Bid Tone, Could PCE Data Be A Party Pooper? Asia equity markets were mostly trading in the green as investors marked up month and quarter end, following the positive flows from Wall Street, as tech once again lead the bullish charge, with […]
TitleETHUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1859.06 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1678.5. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1991.41. To discuss this trading idea, […]