Type : Bearish Continuation
Resistance : 103.235
Pivot: 102.830
Support : 102.370
Preferred Case: With price moving below the ichimoku cloud, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal pullback resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance, 78.6% Fibonacci projection and 50% Fibonacci retracement. Take note of intermediary support at 102.680.
Fundamentals: The overarching aggressive hawkish Fed rhetoric has largely been priced in, allowing longs an excuse to take profit until the central bank chief Powell speaks on 25 May. We have a Mixed-to-Weak Bullish view on the trade.
Resistance : 103.235
Pivot: 102.830
Support : 102.370
Preferred Case: With price moving below the ichimoku cloud, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal pullback resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance, 78.6% Fibonacci projection and 50% Fibonacci retracement. Take note of intermediary support at 102.680.
Fundamentals: The overarching aggressive hawkish Fed rhetoric has largely been priced in, allowing longs an excuse to take profit until the central bank chief Powell speaks on 25 May. We have a Mixed-to-Weak Bullish view on the trade.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.