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29.11.202108:09 Forex Analysis & Reviews: AUDCHF short-term bullish bounce | 29th Nov 2021

Exchange Rates 29.11.2021 analysis

On the H4 timeframe, price is abiding to the ascending trendline support on the daily and descending trendline resistance on the H4 forming a potential triangle pattern. We can expect the price to bounce from 1st Support in line with 23.6% Fibonacci retracement to 1st Resistance in line with 161.8% Fibonacci projection and 50% Fibonacci retracement. Our short-term bullish bias is further supported by the stochastic indicator where the %K line is at the support level.

Trading Recommendation

Entry: 0.66011

Reason for Entry:

23.6% Fibonacci retracement

Take Profit: 0.66665

Reason for Take Profit:

161.8% Fibonacci projection and 50% Fibonacci retracement

Stop Loss: 0.65605

Reason for Stop Loss:

Ascending trendline support on the daily

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

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USDJPY Potential For Bearish Continuation | 19th May 2022
On the H4, with prices moving below the Ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 128.992 where the 61.8% Fibonacci retracement and horizontal overlap resistance is to our 1st support at 128.188 in line with the horizontal swing low support..
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GBPUSD Potential For Bearish Continuation | 19th May 2022
On the H4, with price reversing off the Ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 1.23923 where the horizontal overlap support is to our 1st support at 1.22667 in line with the horizontal pullback support, 100% Fibonacci projection and 61.8%.
Autor: Dean Leo
04:09 2022-05-19 UTC--4
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