Bullish Rise

Key Levels:
Resistance: 1506’2
Pivot: 1489’0
Support: 1472’0

Preferred Case:
On the H4, with the price is moving above the ichimoku cloud and ascending trendline, we have a bullish bias that the price may rise from the pivot at 1489’0, which is in line with the overlap resistance, 78.6% fibonacci retracement to the 1st resistance at 1506’2, which is in line with the swing high and 100% fibonacci projection.

Alternative Scenario:
Alternatively, the price could drop to the 1st support at 1472’0, which is in line with the 23.6% fibonacci retracement overlap support.

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