EthereumShort
ETHUSD Potential bearish drop | 28th Feb 2022
On the H4, with price currently moving below the ichimoku cloud , we have a bias that price will drop to take profit at 2320 in line with the horizontal swing low support from our entry at 2736 in line with the 50% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break entry structure and head for stop loss at 2834 in line with the horizontal overlap resistance in line with the 61.8% Fibonacci retracement .
4 hours ago
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4 hours ago
Comment: Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Disclaimer
Disclaimer
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