USDCHF, H4 has bounced from our Pivot, potential for a rise.
Description
Price has bounced from our Pivot point at 0.92831, which is in line with 78.6%, 38.2% Fibonacci retracement and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94500, in line with -61.8%, -27%, 161.8% and 127% fibonacci retracement level. It is worth noting that our 1st resistance is in confluence with the bigger time frame fibonacci as well.
Pivot: 0.92831
Why we like it:
78.6%, 38.2% Fibonacci retracement and horizontal graphical support
1st Support: 0.91890
Why we like it:
161.8%, 78.6% fibonacci retracement level and horizontal graphical overlap.
1st Resistance: 0.94500
Why we like it:
-61.8%, -27%, 161.8% and 127% fibonacci retracement level.
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 0.92831, which is in line with 78.6%, 38.2% Fibonacci retracement and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94500, in line with -61.8%, -27%, 161.8% and 127% fibonacci retracement level. It is worth noting that our 1st resistance is in confluence with the bigger time frame fibonacci as well.
Pivot: 0.92831
Why we like it:
78.6%, 38.2% Fibonacci retracement and horizontal graphical support
1st Support: 0.91890
Why we like it:
161.8%, 78.6% fibonacci retracement level and horizontal graphical overlap.
1st Resistance: 0.94500
Why we like it:
-61.8%, -27%, 161.8% and 127% fibonacci retracement level.
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.
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.