USDCHF, H4 approaching our Pivot, potential for a drop.
Description
Price is approaching our Pivot point at 0.91018, which is in line with 23.6% fibonacci retracement and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.90239, in line with the 76.4%, -61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. It is worth noting that the price is under the moving average, in line with our bearish trend.
Pivot: 0.91018
Why we like it:
23.6% fibonacci retracement and horizontal graphical overlap
1st Support: 0.90239
Why we like it:
76.4%, -61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.*91609
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing high.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.91018, which is in line with 23.6% fibonacci retracement and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.90239, in line with the 76.4%, -61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. It is worth noting that the price is under the moving average, in line with our bearish trend.
Pivot: 0.91018
Why we like it:
23.6% fibonacci retracement and horizontal graphical overlap
1st Support: 0.90239
Why we like it:
76.4%, -61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.*91609
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing high.
Trading FX & CFDs carries high risk.
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