GBPUSD, H4 reversed from our Pivot point, potential for a short
Description:
Price has reversed from our Pivot point at 1.39181, in line with 61.8% fibonacci retracement, 100% fibonacci extension, descending trendline and horizontal graphical resistance. Where we could potentially see a further drop from our pivot towards our 1st support level at 1.38231, in line with 61.8% fibonacci extension and horizontal swing low.
Pivot: 1.39181
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension, descending trendline and horizontal graphical resistance
1st Support: 1.38231
Why we like it:
61.8% fibonacci extension and horizontal swing low
1st Resistance: 1.39567
Why we like it:
88% fibonacci retracement, 127% fibonacci extension and horizontal swing high.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 1.39181, in line with 61.8% fibonacci retracement, 100% fibonacci extension, descending trendline and horizontal graphical resistance. Where we could potentially see a further drop from our pivot towards our 1st support level at 1.38231, in line with 61.8% fibonacci extension and horizontal swing low.
Pivot: 1.39181
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension, descending trendline and horizontal graphical resistance
1st Support: 1.38231
Why we like it:
61.8% fibonacci extension and horizontal swing low
1st Resistance: 1.39567
Why we like it:
88% fibonacci retracement, 127% fibonacci extension and horizontal swing high.
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.