GBPUSD, H4 is approaching our Pivot point, potential for drop.
Description:
Price is approaching our Pivot point at 1.38821, in line with 78.6% Fibonacci retracement, 61.8% fibonacci extension, and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.37587, in line with -27%, 161.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 1.38821
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension, and horizontal graphical overlap
1st Support: 1.37587
Why we like it:
-27%, 161.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.39873
Why we like it:
88.6% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.38821, in line with 78.6% Fibonacci retracement, 61.8% fibonacci extension, and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.37587, in line with -27%, 161.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 1.38821
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension, and horizontal graphical overlap
1st Support: 1.37587
Why we like it:
-27%, 161.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.39873
Why we like it:
88.6% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
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.