#USDCHF, H4 is approaching oour pivot, potential for a rise
Description
Price has broken above our pivot level at 0.92381 which is in line with 38.2% Fibonacci extension level horizontal swing high resistance . We could potentially see a further rise from here towards 0.93453, which coincides with 78.6% Fibonacci extension level & horizontal swing high resistance. Finally, we can expect price to take support at 0.91416, which coincides with 38.2% Fibonacci retracement level & 78.6% Fibonacci extension level. This is further supported by how price is now holding above the EMA .
Pivot:
0.92381
Why we like it:
38.2% Fibonacci extension level & horizontal swing high resistance
1st Support:
0.91416
38.2% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.93453
78.6% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 0.92381 which is in line with 38.2% Fibonacci extension level horizontal swing high resistance . We could potentially see a further rise from here towards 0.93453, which coincides with 78.6% Fibonacci extension level & horizontal swing high resistance. Finally, we can expect price to take support at 0.91416, which coincides with 38.2% Fibonacci retracement level & 78.6% Fibonacci extension level. This is further supported by how price is now holding above the EMA .
Pivot:
0.92381
Why we like it:
38.2% Fibonacci extension level & horizontal swing high resistance
1st Support:
0.91416
38.2% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.93453
78.6% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.