Description
Price is approaching pivot level of 1.15613 where we have 161.8% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 1.15336, which is in line with 161.8% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 1.15855, which coincides with 200% Fibonacci extension levelhorizontal overlap support . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.15613
Why we like it:
161.8% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap resistance
1st Support:
1.15336
Why we like it:
161.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.15855
Why we like it:
200% Fibonacci extension levelhorizontal overlap support
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 1.15613 where we have 161.8% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 1.15336, which is in line with 161.8% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 1.15855, which coincides with 200% Fibonacci extension levelhorizontal overlap support . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.15613
Why we like it:
161.8% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap resistance
1st Support:
1.15336
Why we like it:
161.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.15855
Why we like it:
200% Fibonacci extension levelhorizontal overlap support
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.