Description :
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our pivot at 0.71939 which is in line with horizontal overlap resistance and 50% Fibonacci retracement to 1st support at 0.70905, which is in line with horizontal swing low support and 61.8% Fibonacci retracement . Alternatively, price may break pivot structure and head for 1st resistance at 0.72620, which coincides with horizontal swing high resistance.
Pivot:
0.71939
Why we like it:
Horizontal overlap resistance and 50% Fibonacci retracement
1st Support:
0.70905
Why we like it:
Horizontal swing low support and 61.8% fibonacci retracement
1st Resistance:
0.72620
Why we like it:
Horizontal swing high resistance
Trading FX & CFDs carries high risk.
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our pivot at 0.71939 which is in line with horizontal overlap resistance and 50% Fibonacci retracement to 1st support at 0.70905, which is in line with horizontal swing low support and 61.8% Fibonacci retracement . Alternatively, price may break pivot structure and head for 1st resistance at 0.72620, which coincides with horizontal swing high resistance.
Pivot:
0.71939
Why we like it:
Horizontal overlap resistance and 50% Fibonacci retracement
1st Support:
0.70905
Why we like it:
Horizontal swing low support and 61.8% fibonacci retracement
1st Resistance:
0.72620
Why we like it:
Horizontal swing high resistance
Trading FX & CFDs carries high risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.