AUDUSD, H4 approaching our Pivot point, potential for a drop.
Description
Price is approaching our Pivot point of 0.77346, which is in line with our 50% Fibonacci retracement, 50%, 88% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 0.76590, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is noteworthy that price is trending under the Ichimoku cloud, and MACD is below 0 line, in line with our bearish analysis.
Pivot: 0.77346
Why we like it:
50% Fibonacci retracement, 50%, 88% fibonacci extension and horizontal graphical overlap
1st Support: 0.76590
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.78070
Why we like it:
100%, 78.6% fibonacci extension and horizontal swing-high resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.77346, which is in line with our 50% Fibonacci retracement, 50%, 88% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 0.76590, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is noteworthy that price is trending under the Ichimoku cloud, and MACD is below 0 line, in line with our bearish analysis.
Pivot: 0.77346
Why we like it:
50% Fibonacci retracement, 50%, 88% fibonacci extension and horizontal graphical overlap
1st Support: 0.76590
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.78070
Why we like it:
100%, 78.6% fibonacci extension and horizontal swing-high 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.