\n<\/span>On the H4 timeframe, prices are abiding by a daily ascending trendline and are on bullish momentum. We see the potential for a bounce from our 1st support\u00a0 at 95.720 in line with 61.8% Fibonacci extension and graphical overlap towards our 1st resistance at 96.066 in line with 50% Fibonacci retracement. Our bullish bias is further supported by our RSI showing bullish momentum and prices trading above our ichimoku cloud support.<\/span><\/p>\n
Areas of consideration:<\/b><\/p>\n <\/p>\n On the H4 chart, prices have recently broken out of our daily descending trendline. We see potential for a slight pullback from our 1st resistance at 1869.220 in line with 78.6% Fibonacci retracement towards our 1st support at 1856.567 in line with 23.6% Fibonacci retracement. RSI are at levels where dips previously occurred.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n <\/p>\n On the H4 chart , price is near 1st resistance level of 1.36086 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially dip to the take profit level of 1.35026 in line with 50% Fibonacci retracement and 100% Fibonacci projection . Our bearish bias is supported by the stochastic indicator as it is near resistance level.\u00a0<\/span><\/p>\n Areas of consideration\u00a0<\/span><\/p>\n On the H4 timeframe, price is abiding to the daily ascending channel and descending trendline resistance on the H4. We can expect the price to drop from 1st Resistance in line with 61.8% Fibonacci projection towards 1st Support in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement.\u00a0 Our bearish bias is further supported by the RSI indicator where it is abiding to the descending trendline resistance. Traders should wait for prices to swing higher or lower before entering.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4 chart, price is near 1st resistance level of 1.13967 in line with 50% Fibonacci retracement. Price can potentially dip to the 1st support level of 1.12784 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the stochastic indicator as it is near the resistance level.\u00a0<\/span><\/p>\n Areas of consideration\u00a0<\/span><\/p>\n On the H4 chart, price is abiding to the ascending trendline support signifying an overall bullish momentum. We can expect price to bounce at 115.332 in line with 61.8% Fibonacci extension towards our 1st resistance at 115.812 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku cloud acting as a support and RSI at levels where bounces previously occurred.<\/span><\/p>\n Areas of consideration:\u00a0<\/span><\/p>\n Price broke out of the descending channel.\u00a0 Price is near the 1st resistance level of 0.72584 in line with 78.6% Fibonacci projection. Price can potentially dip to the 1st support level of 0.71144 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator as it is near resistance level.\u00a0<\/span><\/p>\n Areas of consideration :\u00a0<\/span><\/p>\n \u00a0 On the H4 timeframe, prices are on bearish momentum and abiding to a descending trendline. We see potential for bearish momentum from our 1st resistance at 0.67032 in line with 78.6% Fibonacci extension towards our 1st support at 0.66329 in line with 61.8% Fibonacci retracement. Our bias is further supported by RSI being at levels where dips previously occurred and also ichimoku cloud forecasting bearish momentum . Alternatively, our stop loss will be placed at 2nd resistance at 0.67333 in line 100% Fibonacci extension.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with <\/span>price moving below the ichimoku cloud, we can expect price to drop from our 1st resistance at 1.277777 in line horizontal graphical swing high resistance to our 1st\u00a0 support in line with horizontal overlap support and 78.6% Fibonacci retracement at 1.26518. Alternatively, price may break 1st resistance structure and head for 2nd resistance, which coincides with horizontal swing high resistance at 1.28167.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with <\/span>price expected to bounce off the support of the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 95.83 in line horizontal graphical swing high resistance and -61.8% Fibonacci expansion and 127.2% Fibonacci extension level from our 1st\u00a0 support in line with horizontal overlap support and 61.8% Fibonacci retracement at 90.69. Alternatively, price may break 1st support structure and head for 2nd support, which coincides with horizontal swing low support and 127.2% Fibonacci extension at 88.24.<\/span><\/p>\n Areas of consideration:<\/span><\/p>\n\n
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