EURUSD H4 | Bullish Rise

Alternative scenario:
If the price breaks below the pivot, it could fall to 1st support at 1.0741. an overlap support level that aligns with the 78.6% Fibo retracement

Title
EURUSD H4 | Bullish Rise

Preference:
Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st resistance at 1.0829, a pullback resistance

Type
Bullish Bounce

Past performance is not indicative of future results.

High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% and 73% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


منبع: https://www.tickmill.com/blog/eurusd-h4-bullish-rise-1st-march-2024

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

توسط رضا خانتاراج

رضا خانتاراج