#USDCAD, H4 is breaking beneath our Pivot, potential for a drop.
119
Description: Price is breaking beneath our Pivot point at 1.21346, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.20439, in line with 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support. It is worth noting that the price is under theIchimoku cloud resistance and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 1.21346 Why we like it: 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.20439 Why we like it: 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support
1st Resistance: 1.22126 Why we like it: 127% fibonacci extension and horizontal swing high resistance.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.