empty
 
 
07.03.2022 07:18 AM
USDCHF Potential For Bounce | 7th March

This image is no longer relevant
On the H4, price is abiding by an ascending trendline and near 1st support level of 0.91501 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement. Price can potentially go to the 1st resistance level of 0.92833 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by stochastic as it is near the support level . Alternatively, Price can potentially dip to the 2nd support level of 0.91104 which is also the graphical swing low level.

Trading Recommendation

Entry: 0.91501

Reason for Entry: 78.6% Fibonacci retracement and 100% Fibonacci projection , graphical swing low

Take Profit: : 0.92833

Reason for Take Profit: 61.8% Fibonacci retracement , 127.2% Fibonacci projection, Graphical overlap resistance

Stop Loss: 0.91104

Reason for Stop Loss:

Graphical swing low

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 $9000 more!
    In May we raffle $9000 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