USDCAD, H4 is approaching our Pivot, potential for a drop.
Description: Price is approaching our Pivot point at 1.24265, which is in line with 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop here towards our 1st support level at 1.23402, in line with 100% fibonacci extension. It is worth noting that price is under the Ichimoku clouds, in line with our bearish analysis.
Pivot: 1.24265 Why we like it: 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1.23402 Why we like it: 100% fibonacci extension
1st Resistance: 1.24839 Why we like it: 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.