AUDUSD, H4 reversed from our Pivot point, potential for a rise !
Description
Price reversed from our Pivot point of 0.75583, which is in line with our 61.8%, 161.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical support, where we could see a potential rise from this level to our first resistance level of 0.76511, in line with a fibonacci confluence. It is noteworthy that price is trending above an ascending trendline, in line with our bullish view.
Pivot: 0.75583
Why we like it:
61.8%, 161.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical support
1st Support: 0.75295
Why we like it:
88% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.76511
Why we like it:
161.8%, -27% and -68% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Price reversed from our Pivot point of 0.75583, which is in line with our 61.8%, 161.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical support, where we could see a potential rise from this level to our first resistance level of 0.76511, in line with a fibonacci confluence. It is noteworthy that price is trending above an ascending trendline, in line with our bullish view.
Pivot: 0.75583
Why we like it:
61.8%, 161.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical support
1st Support: 0.75295
Why we like it:
88% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.76511
Why we like it:
161.8%, -27% and -68% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.