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Forex Analysis & Reviews: BTCUSD Potential For Bullish Continuation | 10th August 2022
time 10.08.2022 06:20 AM
time Relevance up to, 11.08.2022 06:20 AM

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On the H4, with price moving within a bullish channel and RSI moving along an ascending trendline, we have a bullish bias that price will rise from our 1st support at 22560.82 where the pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection are to the 1st resistance at 24703.69 where the swing high resistance and 61.8% fibonacci projection are. Alternatively, price could break 1st support structure and drop to 2nd support at 20716.80 where the swing low support, -61.8% fibonacci expansion and 100% fibonacci projection are.

Trading Recommendation

Entry: 22560.82

Reason for Entry:Pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection

Take Profit: 24703.69

Reason for Take Profit:Swing high resistance and 61.8% fibonacci projectionStop Loss: 20716.80

Reason for Stop Loss:Swing low support, -61.8% fibonacci expansion and 100% fibonacci projection

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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Daily Video Analysis: GBPUSD, H1 Bearish Breakout Opportunity
Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Author: Dean Leo
08:18 2022-12-07 UTC--5
2878
GBPUSD Potential for Bearish Drop | 7th December 2022
Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Expecting price to head back up to retest the 1st resistance line at 1.22770, where the previous high is. In an alternative scenario, price could.
Author: Dean Leo
08:15 2022-12-07 UTC--5
9478
AUDUSD Potential for Bearish Drop | 7th December 2022
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to head towards the 1st support at 0.65849, where the 38.2% Fibonacci line and previous swing low.
Author: Dean Leo
08:12 2022-12-07 UTC--5
5023
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