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Forex Analysis & Reviews: ETHUSD Potential For Bearish Continuation | 28th November 2022
time 28.11.2022 12:09 PM
time Relevance up to, 29.11.2022 12:09 PM

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Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market .If this bearish momentum continues, expect price to possibly head towards the 1st support at 1071.11, where the -previous swing low is located. In an alternate scenario, price could possibly head back up towards the 1st resistance level at 1291.84, where the 38.2% Fibonacci line is located.

Trading Recommendation

Entry: 1302.56

Reason for Entry: 1st resistance line

Take Profit:1071.11

Reason for Take Profit: 1st support line

Stop Loss: 1677.00

Reason for Stop Loss:

Slightly above where the 2nd resistance line is located.

Dean Leo,
Analytical expert of InstaForex
© 2007-2023
EURUSD
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AUDUSD, H4 Bullish continuation setup
Today we take a look at AUDUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
作者: Dean Leo
05:37 2023-02-03 UTC--5
793
USDJPY Potential for Bearish Drop towards previous swing low
Description : Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 129.204, where the overlap resistance is. Stop loss will be at 131.115, where the recent high is. T.
作者: Dean Leo
02:31 2023-02-03 UTC--5
1378
AUDUSD Potential for Bullish rise to previous swing high
Description : Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, Looking for a buy entry at 0.70080 where the pullback entry and the recent wing low. We are looking to take profit at 0.71377, where the previous swing high is a.
作者: Dean Leo
02:28 2023-02-03 UTC--5
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