AUDUSD, H4 has reversed from our Pivot. Potential for a drop.
Price has reversed from our Pivot point at 0.77551, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Where we could potentially see a drop from our pivot towards our 1st support level at 0.76526, in line with 61.8% fibonacci retracement, 127% fibonacci extension and descending trendline support.
Pivot: 0.77551
Why we like it:
61.8% Fibonacci extension and horizontal swing high resistance
1st Support: 0.76526
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and descending trendline support
1st Resistance: 0.78278
Why we like it:
127% Fibonacci extension.
Trading FX & CFDs carries high risk.
Pivot: 0.77551
Why we like it:
61.8% Fibonacci extension and horizontal swing high resistance
1st Support: 0.76526
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and descending trendline support
1st Resistance: 0.78278
Why we like it:
127% Fibonacci extension.
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.