#USDCHF, H4 is reversing from our Pivot, potential for a drop.
#USDCHF, H4 is reversing from our Pivot, potential for a drop.
Price is reacting below our pivot level at 0.92493 which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension levelhorizontal swing high resistance. Price can potentially take support at 0.92158, which is in line with 61.8% Fibonacci retracement level, 100% Fibonacci extension level. This is further supported by how price is within a bearish channe.
Pivot:
0.92493
Why we like it:
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level and horizontal swing high resistance
1st Support:
0.92158
61.8% Fibonacci retracement level, 100% Fibonacci extension level
1st Resistance:
0.92670
-27.2%Fibonacci retracement level, 161.8% Fibonacci retracement level & horizontal swing high resistance
Trading FX & CFDs carries high risk
Price is reacting below our pivot level at 0.92493 which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension levelhorizontal swing high resistance. Price can potentially take support at 0.92158, which is in line with 61.8% Fibonacci retracement level, 100% Fibonacci extension level. This is further supported by how price is within a bearish channe.
Pivot:
0.92493
Why we like it:
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level and horizontal swing high resistance
1st Support:
0.92158
61.8% Fibonacci retracement level, 100% Fibonacci extension level
1st Resistance:
0.92670
-27.2%Fibonacci retracement level, 161.8% Fibonacci retracement level & horizontal swing high resistance
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.