Potential Bullish Momentum
On the H4, with price reaching the bottom of the trend channel and is expected to move within it, we have a bullish bias that price will rise from the pivot level at 760'2 in line with 78.6% fibonacci projection and 161.8% fibonacci extension, to the 1st resistance at 771'6 in line with 78.6% fibonacci projection and 23.6% fibonacci retracement, or the 2nd resistance at 785'6 in line with 78.6% fibonacci retracement. Alternatively, price may break the pivot and drop to 1st support at 747'0 in line with 27.2% fibonacci retracement.
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