USDCAD, H4 is approaching our Pivot, potential for a drop.
Description:
Price is approaching our Pivot point at 1.23252, which is in line with 61.8% and 100% fibonacci extension. We could potentially see price drop here towards our 1st support level at 1.22671, in line with -27% fibonacci retracement and 100% fibonacci extension. It is worth noting that price is under the Ichimoku clouds, in line with our bearish analysis.
Pivot: 1.23252
Why we like it:
61.8% and 100% fibonacci extension
1st Support: 1.22671
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
1st Resistance: 1.23681
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.23252, which is in line with 61.8% and 100% fibonacci extension. We could potentially see price drop here towards our 1st support level at 1.22671, in line with -27% fibonacci retracement and 100% fibonacci extension. It is worth noting that price is under the Ichimoku clouds, in line with our bearish analysis.
Pivot: 1.23252
Why we like it:
61.8% and 100% fibonacci extension
1st Support: 1.22671
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
1st Resistance: 1.23681
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.