Description
Price is reversing from our Pivot of 111.000 which is in line with 78.6% fibonacci retracement and horizontal graphical swing high, where we could see a drop from this level to our 1st support level of 110.282, in line with 50% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that Stochastics has previously reversed from the 94% level, in line with our bearish analysis.
Pivot: 111.000
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing high
1st Support: 110.282
Why we like it:
50% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 111.357
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot of 111.000 which is in line with 78.6% fibonacci retracement and horizontal graphical swing high, where we could see a drop from this level to our 1st support level of 110.282, in line with 50% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that Stochastics has previously reversed from the 94% level, in line with our bearish analysis.
Pivot: 111.000
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing high
1st Support: 110.282
Why we like it:
50% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 111.357
Why we like it:
-27% fibonacci retracement and 100% 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.
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.