USDCAD, H4 is approaching our Pivot, potential for a drop.
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Description: Price is approaching our Pivot point at 1.25488, which is in line with 38.2%, 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price drop here towards our 1st support level at 1.24749, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is worth noting that price is under the Ichimoku clouds, in line with our bearish analysis.
Pivot: 1.25488 Why we like it: 38.2%, 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.24749 Why we like it: 61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1.25805 Why we like it: 161.8% Fibonacci extension and Ichimoku cloud resistance.
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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.