#USDCHF, H4 approaching our Pivot, potential for a drop.
Description
Price is approaching our Pivot point at 0.90268, which is in line with 61.8% fibonacci retracement and moving average resistance. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89366, in line with our -27% fibonacci retracement and 88% fibonacci extension. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.90268
Why we like it:
61.8% fibonacci retracement and moving average resistance
1st Support: 0.89366
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
1st Resistance: 0.90973
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.90268, which is in line with 61.8% fibonacci retracement and moving average resistance. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89366, in line with our -27% fibonacci retracement and 88% fibonacci extension. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.90268
Why we like it:
61.8% fibonacci retracement and moving average resistance
1st Support: 0.89366
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
1st Resistance: 0.90973
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
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.