AUDUSD, H4 reversed from our Pivot point, potential for a drop.
Description
Price is approaching our Pivot point of 0.77463, which is in line with our 23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 0.77057, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support. It is noteworthy that price is trending within a bearish channel, in line with our bullish analysis.
Pivot: 0.77463
Why we like it:
23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.77057
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support
1st Resistance: 0.77936
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.77463, which is in line with our 23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 0.77057, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support. It is noteworthy that price is trending within a bearish channel, in line with our bullish analysis.
Pivot: 0.77463
Why we like it:
23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.77057
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support
1st Resistance: 0.77936
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.