USDCHF, H4 is reaching our Pivot point, potential for a bounce.
Description
Price is approaching our Pivot point at 0.88680, which is in line with our 61.8% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from this level towards our 1st resistance level at 0.89052, in line with 61.8% fibonacci extension and horizontal graphical resistance. It is worth noting that price is trending above an ascending trendline, in line with our bullish analysis.
Pivot: 0.88680
Why we like it:
61.8% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.88471
Why we like it:
78.6% fibonacci extension and 78.6% fibonacci retracement.
1st Resistance: 0.89052
Why we like it:
61.8% fibonacci extension and horizontal graphical resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.88680, which is in line with our 61.8% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from this level towards our 1st resistance level at 0.89052, in line with 61.8% fibonacci extension and horizontal graphical resistance. It is worth noting that price is trending above an ascending trendline, in line with our bullish analysis.
Pivot: 0.88680
Why we like it:
61.8% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.88471
Why we like it:
78.6% fibonacci extension and 78.6% fibonacci retracement.
1st Resistance: 0.89052
Why we like it:
61.8% fibonacci extension and horizontal graphical resistance
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.