USDCHF, H4 is approaching from our Pivot, potential for a drop.
Description
Price is reversing from our Pivot point at 0.91728, which is in line with 61.8%, 100% and 127% Fibonacci extension. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.91057, a fibonacci confluence. It is worth noting that the Stochastics is showing bearish momentum where price has reversed from the 98% level previously.
Pivot: 0.91728
Why we like it:
61.8%, 100% and 127% Fibonacci extension
1st Support: 0.91057
Why we like it:
127%, 61.8% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.92234
Why we like it:
88%, 127% and 200% Fibonacci extension.
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point at 0.91728, which is in line with 61.8%, 100% and 127% Fibonacci extension. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.91057, a fibonacci confluence. It is worth noting that the Stochastics is showing bearish momentum where price has reversed from the 98% level previously.
Pivot: 0.91728
Why we like it:
61.8%, 100% and 127% Fibonacci extension
1st Support: 0.91057
Why we like it:
127%, 61.8% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.92234
Why we like it:
88%, 127% and 200% Fibonacci extension.
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.