USDCHF, H4 has reversed from our Pivot, potential for a drop.
Description
Price has reversed from our Pivot point at 0.93083, which is in line with 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing high. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.92668, in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is worth noting that price is trending within the bearish channel, in line with our bearish analysis.
Pivot: 0.93083
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing high
1st Support: 0.92668
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.93234
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension level and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 0.93083, which is in line with 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing high. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.92668, in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is worth noting that price is trending within the bearish channel, in line with our bearish analysis.
Pivot: 0.93083
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing high
1st Support: 0.92668
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.93234
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension level and horizontal swing high 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.