#USDCHF, H4 is reversing from our Pivot, potential for a drop.
Price is reacting below our pivot level at 0.92493 which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension levelhorizontal swing high resistance. Price can potentially take support at 0.92158, which is in line with 61.8% Fibonacci retracement level, 100% Fibonacci extension level. This is further supported by how price is within a bearish channe.
Pivot:
0.92493
Why we like it:
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level and horizontal swing high resistance
1st Support:
0.92158
61.8% Fibonacci retracement level, 100% Fibonacci extension level
1st Resistance:
0.92670
-27.2%Fibonacci retracement level, 161.8% Fibonacci retracement level & horizontal swing high resistance
Trading FX & CFDs carries high risk
Price is reacting below our pivot level at 0.92493 which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension levelhorizontal swing high resistance. Price can potentially take support at 0.92158, which is in line with 61.8% Fibonacci retracement level, 100% Fibonacci extension level. This is further supported by how price is within a bearish channe.
Pivot:
0.92493
Why we like it:
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level and horizontal swing high resistance
1st Support:
0.92158
61.8% Fibonacci retracement level, 100% Fibonacci extension level
1st Resistance:
0.92670
-27.2%Fibonacci retracement level, 161.8% Fibonacci retracement level & 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.