#USDCHF, H4 is testing our Pivot, potential for a rise.
Description
Price is testing our Pivot point at 0.89938, which is in line with 78.6%, 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st Resistance level at 0.90596, in line with our 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical resistance. It is worth noting that the price is above the ascending trendline support, in line with our bullish view.
Pivot: 0.89938
Why we like it:
78.6%, 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.89550
Why we like it:
127% fibonacci retracement, 127% fibonacci extension and horizontal swing low support.
1st Resistance: 0.90596
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical resistance
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 0.89938, which is in line with 78.6%, 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st Resistance level at 0.90596, in line with our 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical resistance. It is worth noting that the price is above the ascending trendline support, in line with our bullish view.
Pivot: 0.89938
Why we like it:
78.6%, 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.89550
Why we like it:
127% fibonacci retracement, 127% fibonacci extension and horizontal swing low support.
1st Resistance: 0.90596
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical resistance
Trading FX & CFDs carries high risk.
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