Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is.
Alternative scenario: Price may possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is.
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