USDCAD, H4 is approaching from our Pivot, potential for a bounce
Description: Price is approaching our Pivot point at 1.25954, which is in line with 61.8%, 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical area. We could potentially see price bounce here towards our 1st resistance level at 1.26642, a fibonacci confluence. It is worth noting that price is above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.25954 Why we like it: 61.8%, 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical area
1st Support: 1.25616 Why we like it: 127% Fibonacci retracement, 200% fibonacci extension and horizontal graphical swing low.
1st Resistance: 1.26642 Why we like it: -27%, 78.6% Fibonacci retracement and horizontal graphical swing high.
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.