USDCAD, H4 testing our Pivot, potential for a bullish breakout
Description:
Price is currently testing our Pivot point at 1.25289, which is in line with 78.6%, 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area. We could potentially see price rise here towards our 1st resistance level at 1.26300, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 1.25289
Why we like it:
78.6%, 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area
1st Support: 1.24459
Why we like it:
38.2% Fibonacci retracement, 161.8% fibonacci extension and horizontal swing low.
1st Resistance: 1.26300
Why we like it:
127% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is currently testing our Pivot point at 1.25289, which is in line with 78.6%, 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area. We could potentially see price rise here towards our 1st resistance level at 1.26300, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 1.25289
Why we like it:
78.6%, 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area
1st Support: 1.24459
Why we like it:
38.2% Fibonacci retracement, 161.8% fibonacci extension and horizontal swing low.
1st Resistance: 1.26300
Why we like it:
127% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
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.