USDCAD, H4 is testing our Pivot, potential for a drop.
Description:
Price is testing our Pivot point at 1.25698, which is in line with 38.2% fibonacci retracement and horizontal graphical area. We could potentially see price drop here towards our 1st support level at 1.25305, 88% fibonacci retracement and horizontal swing low support. It is worth noting that price is under the moving average, in line with our bearish analysis.
Pivot: 1.25698
Why we like it:
38.2% fibonacci retracement and horizontal graphical area
1st Support: 1.25305
Why we like it:
88% fibonacci retracement and horizontal swing low support
1st Resistance: 1.25997
Why we like it:
61.8% Fibonacci extension and horizontal graphical swing high.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.25698, which is in line with 38.2% fibonacci retracement and horizontal graphical area. We could potentially see price drop here towards our 1st support level at 1.25305, 88% fibonacci retracement and horizontal swing low support. It is worth noting that price is under the moving average, in line with our bearish analysis.
Pivot: 1.25698
Why we like it:
38.2% fibonacci retracement and horizontal graphical area
1st Support: 1.25305
Why we like it:
88% fibonacci retracement and horizontal swing low support
1st Resistance: 1.25997
Why we like it:
61.8% Fibonacci extension and horizontal graphical swing high.
Trading FX & CFDs carries high risk.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。