USDCHF, H4 approaching our Pivot, potential for a rise.
Description
Price is approaching our Pivot point at 0.91978, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91546, in line with 78.6% fibonacci retracement and 127% fibonacci extension. It is worth noting that price has broken above our descending trendline, in line with our bullish analysis.
Pivot: 0.91978
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91256
Why we like it:
78.6% fibonacci retracement and 127% fibonacci extension
1st Resistance: 0.91546
Why we like it:
78.6% fibonacci retracement and 127% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.91978, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91546, in line with 78.6% fibonacci retracement and 127% fibonacci extension. It is worth noting that price has broken above our descending trendline, in line with our bullish analysis.
Pivot: 0.91978
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91256
Why we like it:
78.6% fibonacci retracement and 127% fibonacci extension
1st Resistance: 0.91546
Why we like it:
78.6% fibonacci retracement and 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.