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07.12.2022 03:10 PM
ETHUSD Potential For Bearish Drop | 7th December 2022

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On the H4 chart, the overall bias for ETHUSD is bearish. However, the price is now above the Ichimoku cloud which might indicate a short-term shift to a bullish market. Expecting price to possibly break the 1st resistance at 1308.21, where the 38.2% and 78.6% Fibonacci lines are before heading towards the 2nd resistance line at 1384.67, where the 50% and 61.8% Fibonacci lines are. In an alternative scenario, price could possibly head back down towards the 1st support at 1071.11, where the previous swing low is.

Trading Recommendation

Entry: 1308.21

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.

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WTI, H4 | Potential Reversal ?
WTI crude oil has been experiencing bearish momentum lately, potentially leading to a bearish reaction off the first resistance at 70.38 and a drop towards the first support at 67.02. The second support level at 64.36 is also expected to act as support due to its multi-swing low status. The first r.
ผู้เขียน: Dean Leo
01:41 2023-03-22 UTC--4
1855
XAUUSD H4 | Potential Bullish Reversal?
There is a possibility of a bullish bounce for gold from the first support level at $1933, followed by a potential move towards the first resistance level at $1957. The $1933 level is an overlap support and is closely aligned with the 38.20% Fibonacci retracement, making it a robust support level..
ผู้เขียน: Dean Leo
01:39 2023-03-22 UTC--4
2095
USD/JPY, H4 | Break out trendline?
The USD/JPY chart currently reflects a bullish momentum as it is trading above a significant ascending trend line, indicating potential for further bullish movement. In case the price manages to break the 1st resistance level, it could advance towards the 2nd resistance level. The 1st support leve.
ผู้เขียน: Dean Leo
01:37 2023-03-22 UTC--4
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