#USDCHF, H4 approaching our Pivot, potential for a drop.

2021년 6월 3일

Description
Price is approaching our Pivot point at 0.90130, which is in line with 78.6%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89464, in line with our -61.8% fibonacci retracement and 100% fibonacci extension. It is worth noting that the price is under the moving average and descending trendline, in line with our bearish view.

Pivot: 0.90130
Why we like it:
78.6%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap

1st Support: 0.89464
Why we like it:
127% fibonacci retracement and 88% fibonacci extension

1st Resistance: 0.90376
Why we like it:
-61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
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