USDCHF, H4 reversed from our Pivot, potential for a drop.
Description
Price has reversed from our Pivot point at 0.91868, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.91090, in line with -27% fibonacci retracement, 100% fibonacci extension. It is worth noting that price is under the moving average, in line with our bearish trend.
Pivot: 0.91868
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91090
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension
1st Resistance: 0.92155
Why we like it:
100% fibonacci extension and horizontal swing high.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 0.91868, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.91090, in line with -27% fibonacci retracement, 100% fibonacci extension. It is worth noting that price is under the moving average, in line with our bearish trend.
Pivot: 0.91868
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91090
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension
1st Resistance: 0.92155
Why we like it:
100% fibonacci extension and horizontal swing high.
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.