empty
 
 
10.03.2022 08:29 AM
USDCHF Potential For Reversal | 10th March 2022

This image is no longer relevant
On the H4 , price is trading on an ascending trendline and near 1st resistance level of 0.92833 in line with 127.2% Fibonacci projection . Price can potentially dip to the 1st support of 0.91501 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator as it is at resistance level. Alternatively, price can rally to the 2nd resistance level of 0.93361 in line with 127.2% Fibonacci projection

Trading Recommendation

Entry: 0.92958

Reason for Entry: 61.8% Fibonacci retracement and 127.2% Fibonacci projection , graphical swing high

Take Profit: : 0.91501

Reason for Take Profit: 78.6% Fibonacci retracement , 100% Fibonacci projection, Graphical swing low

Stop Loss: 0.93361

Reason for Stop Loss:

Graphical overlap resistance

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback