#USDCHF, H4 is bouncing from our Pivot, potential for a rise.
Description
Price is bouncing from our Pivot point at 0.92150, which is in line with 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical resistance. We could potentially see price bounce from our Pivot point towards our 1st resistance level at 0.92494, in line with our 61.8% fibonacci retracement, 127% fibonacci extension and horizontal swing high. It is worth noting that price has broken the ascending trendline, and may return for a retest.
Pivot: 0.92494
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal swing high
1st Support: 0.91785
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low
1st Resistance: 0.92494
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 0.92150, which is in line with 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical resistance. We could potentially see price bounce from our Pivot point towards our 1st resistance level at 0.92494, in line with our 61.8% fibonacci retracement, 127% fibonacci extension and horizontal swing high. It is worth noting that price has broken the ascending trendline, and may return for a retest.
Pivot: 0.92494
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal swing high
1st Support: 0.91785
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low
1st Resistance: 0.92494
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal swing high
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.