USDCHF, H4 approaching our Pivot, potential for a drop.
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Description Price is approaching our Pivot point at 0.91607, which is in line with 78.6% fibonacci retracement, 100%, 127% fibonacci extension, moving average resistance and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.90979, in line with the 61.8% fibonacci extension and horizontal swing low. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.91607 Why we like it: 78.6% fibonacci retracement, 100%, 127% fibonacci extension, moving average resistance and horizontal graphical overlap
1st Support: 0.90979 Why we like it: 61.8% fibonacci extension and horizontal swing low.
1st Resistance: 0.92091 Why we like it: 127% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high. Trading FX & CFDs carries high risk.
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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.