Type : Bullish rise
Resistance : 1105'2
Pivot: 1081'4
Support : 1065
Preferred Case: With price moving above the ichimoku cloud and and the recent break of the descending trendline which signifies bullish momentum, we have a bullish bias that price will rise to our 1st resistance in line with the 1105'2 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot of 1081'4 in line with the 61.8% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1065 in line with the 50% Fibonacci retracement and the horizontal pullback support.
Fundamentals: No Major News
Resistance : 1105'2
Pivot: 1081'4
Support : 1065
Preferred Case: With price moving above the ichimoku cloud and and the recent break of the descending trendline which signifies bullish momentum, we have a bullish bias that price will rise to our 1st resistance in line with the 1105'2 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot of 1081'4 in line with the 61.8% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1065 in line with the 50% Fibonacci retracement and the horizontal pullback support.
Fundamentals: No Major News
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.