#USDCHF, H4 approaching our Pivot, potential for a drop.
Description
Price is approaching our Pivot point at 0.90033, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89370, in line with our 127% fibonacci retracement and 100% fibonacci extension. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.90033
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.89370
Why we like it:
127% fibonacci retracement and 100% fibonacci extension
1st Resistance: 0.90441
Why we like it:
127%, 100% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.90033, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89370, in line with our 127% fibonacci retracement and 100% fibonacci extension. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.90033
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.89370
Why we like it:
127% fibonacci retracement and 100% fibonacci extension
1st Resistance: 0.90441
Why we like it:
127%, 100% 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.