USDCHF, H4 is testing our Pivot point, potential for a drop.
Description
Price is testing our Pivot point at 0.88760, which is in line with our 61.8%, 76.4% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 0.88340, in line with 61.8% fibonacci extension and 78.6% fibonacci retracement. It is worth noting that price is trending under the EMA (55) and descending trendline.
Pivot: 0.88760
Why we like it:
61.8%, 76.4% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.88340
Why we like it:
61.8% fibonacci extension and 78.6% fibonacci retracement.
1st Resistance: 0.88908
Why we like it:
100% Fibonacci extension, 78.6% Fibonacci retracement and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 0.88760, which is in line with our 61.8%, 76.4% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 0.88340, in line with 61.8% fibonacci extension and 78.6% fibonacci retracement. It is worth noting that price is trending under the EMA (55) and descending trendline.
Pivot: 0.88760
Why we like it:
61.8%, 76.4% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.88340
Why we like it:
61.8% fibonacci extension and 78.6% fibonacci retracement.
1st Resistance: 0.88908
Why we like it:
100% Fibonacci extension, 78.6% Fibonacci retracement 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.