#USDCAD, H4 is reversing from our Pivot, potential for a drop.

130
Description:
Price is testing our Pivot point at 1.21786, which is in line with 127% fibonacci retracement and horizontal graphical area. We could potentially see price drop from here towards our 1st support level at 1.21215, in line with 78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area.


Pivot: 1.21786
Why we like it:
127% fibonacci retracement and horizontal graphical area

1st Support: 1.21215
Why we like it:
78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area

1st Resistance: 1.22273
Why we like it:
161.8% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high resistance

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.