USDCAD H4 | Bearish reaction off 78.6% fibo
Form
Bearish Reversal
Preference:
Rate is drawing approach our pivot point at 1.3333, and can potentially include a bearish reversal here to the 1st strengthen level at 1.32789. Here’s supported by the 78.6% fibo projection and 38.2% fibo retracement ranges, indicating that there’s fibo confluence.
Replace scenario:
If worth breakrs above the pivot, worth would possibly per chance maybe head in direction of the 1st resistance at 1.3405, the put there’s the 127.2% fibo extension.
To talk about about this trading notion, head over to Tickmill Traders Club the put you would possibly per chance maybe presumably also accumulate narrate entry to our team of world-class analysts.
Disclaimer: The topic fabric equipped is for data applications handiest and can nonetheless now not be thought of as investment recommendation. The views, data, or opinions expressed in the text belong exclusively to the author, and now not to the author’s employer, group, committee or other neighborhood or particular person or company.
High Be troubled Warning: CFDs are complicated instruments and include a high risk of shedding money with out warning as a consequence of leverage. 72% and 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You furthermore would possibly can nonetheless take into legend whether you realize how CFDs work and whether you would possibly per chance maybe presumably also afford to lift the high risk of shedding your money.
Desmond Leong runs an award-winning examine agency (The Technical Analyst finalists 2018/19/20 for Finest FX and Equity Be taught) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited merchants, he takes in the marketplace day-to-day the exhaust of a aggregate of technical and elementary evaluation.
Title
USDCAD H4 | Bearish reaction off 78.6% fibo
Form
Bearish Reversal
Preference:
Rate is drawing approach our pivot point at 1.3333, and can potentially include a bearish reversal here to the 1st strengthen level at 1.32789. Here’s supported by the 78.6% fibo projection and 38.2% fibo retracement ranges, indicating that there’s fibo confluence.
Replace scenario:
If worth breakrs above the pivot, worth would possibly per chance maybe head in direction of the 1st resistance at 1.3405, the put there’s the 127.2% fibo extension.
To talk about about this trading notion, head over to Tickmill Traders Club the put you would possibly per chance maybe presumably also accumulate narrate entry to our team of world-class analysts.
Disclaimer: The topic fabric equipped is for data applications handiest and can nonetheless now not be thought of as investment recommendation. The views, data, or opinions expressed in the text belong exclusively to the author, and now not to the author’s employer, group, committee or other neighborhood or particular person or company.
High Be troubled Warning: CFDs are complicated instruments and include a high risk of shedding money with out warning as a consequence of leverage. 72% and 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You furthermore would possibly can nonetheless take into legend whether you realize how CFDs work and whether you would possibly per chance maybe presumably also afford to lift the high risk of shedding your money.
Desmond Leong runs an award-winning examine agency (The Technical Analyst finalists 2018/19/20 for Finest FX and Equity Be taught) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited merchants, he takes in the marketplace day-to-day the exhaust of a aggregate of technical and elementary evaluation.
