ZB1! H4 | Bearish Continuation
ZB1!! H4 | Bearish ContinuationType: 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
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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