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.
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