ZB1! H4 | Bearish Continuation

18 ก.พ. 2022

ZB1!! H4 | Bearish Continuation
Type: Bearish Continuation
Resistance : 153'14
Pivot: 152'14
Support: 150'13

Preferred case :With price moving below the ichimoku cloud , we are biased that price retest at our pivot of 152'14 in line with the 61.8% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 150'13 in line with the horizontal swing low support.

Alternative scenario : Alternatively, price could potentially break out pivot structure and head to 1st resistance at 153'14 in line with the horizontal swing high resistance and 50% Fibonacci retracement .

Fundamentals : As fears of russo-ukraine conflict escalates, treasury prices might continue its gradual uptrend as investors flock to safe haven assets