USDCHF, H4 approaching Pivot, potential for a bearish breakout.
Description
Price approaching our Pivot point at 0.88865 which is in line with 78.6% Fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.88495, a fibonacci confluence. It is worth noting that the price is under the Ichimoku clouds, in line with our bearish analysis.
Pivot: 0.88865
Why we like it:
78.6% Fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.88495
Why we like it:
-27% fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.89240
Why we like it:
23.6%, 61.8% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price approaching our Pivot point at 0.88865 which is in line with 78.6% Fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.88495, a fibonacci confluence. It is worth noting that the price is under the Ichimoku clouds, in line with our bearish analysis.
Pivot: 0.88865
Why we like it:
78.6% Fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.88495
Why we like it:
-27% fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.89240
Why we like it:
23.6%, 61.8% fibonacci retracement 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.