EURUSD, H4 bounced from our Pivot point, potential for a long
Price has bounced from our Pivot point at 1.21122, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and ascending trendline support, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21599, which is in line with 61.8% fibonacci extension. Note that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish analysis.
Pivot: 1.21122
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and ascending trendline support
1st Support: 1.20772
Why we like it:
127% fibonacci extension, 78.6% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1.21599
Why we like it:
61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 1.21122
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and ascending trendline support
1st Support: 1.20772
Why we like it:
127% fibonacci extension, 78.6% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1.21599
Why we like it:
61.8% fibonacci extension
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.