US30 H4 | Potential reversal from a key resistance

Title

US30 H4 | Potential reversal from a key resistance

Type
Bearish Reversal

Preference:
The current price is at our pivot of 32541.53, which is an overlap resistance level just slightly above the 50% Fibonacci retracement. If prices were to reverse, 1st support level at 32310.3 could potentially be tested.

Alternative scenario:
However, if the price breaks above the pivot, it could potentially push up to the 1st resistance at 32955.87.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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US30 H4 | Potential reversal from a key resistance

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