Description
Price is approaching our Pivot point of 103.708, which is in line with our Fibonacci confluence, descending trendline resistance and horizontal graphical resistance, where we could see a potential drop from this level to our first support level of 103.124. It is noteworthy that price is trending under a descending trendline, and Stochastics (21,5,3) is reversing from 72% in line with our bearish view.
Pivot: 103.708
Why we like it:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance
1st Support: 103.124
Why we like it:
78.6%, -27% fibonacci retracement and horizontal swing low resistance.
1st Resistance: 103.879
Why we like it:
78.6%, -27% Fibonacci retracement and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 103.708, which is in line with our Fibonacci confluence, descending trendline resistance and horizontal graphical resistance, where we could see a potential drop from this level to our first support level of 103.124. It is noteworthy that price is trending under a descending trendline, and Stochastics (21,5,3) is reversing from 72% in line with our bearish view.
Pivot: 103.708
Why we like it:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance
1st Support: 103.124
Why we like it:
78.6%, -27% fibonacci retracement and horizontal swing low resistance.
1st Resistance: 103.879
Why we like it:
78.6%, -27% Fibonacci retracement and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。