On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 0.72714 which is in line with horizontal overlap resistance and 61.8% Fibonacci retracement from 1st support at 0.71939, which is in line with horizontal overlap support and 61.8% Fibonacci retracement level. Alternatively, price may break 1st support structure and head for 2nd support at 0.71459, which coincides with horizontal swing low resistance and 127.2% Fibonacci extension.
Pivot:
0.71939
Why we like it:
Horizontal overlap support and 61.8% Fibonacci retracement
1st Support:
0.71459
Why we like it:
Horizontal swing low resistance and 127.2% Fibonacci extension
1st Resistance:
0.72714
Why we like it:
Horizontal overlap resistance and 61.8% Fibonacci retracement
Trading FX & CFDs carries high risk.
Pivot:
0.71939
Why we like it:
Horizontal overlap support and 61.8% Fibonacci retracement
1st Support:
0.71459
Why we like it:
Horizontal swing low resistance and 127.2% Fibonacci extension
1st Resistance:
0.72714
Why we like it:
Horizontal overlap resistance and 61.8% Fibonacci retracement
Trading FX & CFDs carries high risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.