USDCHF, H4 approaching our Pivot point, potential for a bounce.
Description
Price approaching our Pivot point at 0.89461 which is in line with 61.8%, 161.8% Fibonacci retracement, 127% fibonacci extension, Ichimoku cloud support and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90055, a fibonacci confluence. It is worth noting that the price is in a bullish channel and is above the Ichimoku clouds, in line with our bullish analysis.
Pivot: 0.89461
Why we like it:
61.8%, 161.8% Fibonacci retracement, 127% fibonacci extension, Ichimoku cloud support and horizontal graphical overlap
1st Support: 0.89026
Why we like it:
88% fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.90055
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price approaching our Pivot point at 0.89461 which is in line with 61.8%, 161.8% Fibonacci retracement, 127% fibonacci extension, Ichimoku cloud support and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90055, a fibonacci confluence. It is worth noting that the price is in a bullish channel and is above the Ichimoku clouds, in line with our bullish analysis.
Pivot: 0.89461
Why we like it:
61.8%, 161.8% Fibonacci retracement, 127% fibonacci extension, Ichimoku cloud support and horizontal graphical overlap
1st Support: 0.89026
Why we like it:
88% fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.90055
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.