GBPUSD, H4 testing our Pivot point, potential for drop.
Description:
Price has reversed our Pivot point at 1.39304, in line with 76.4%, 61.8% Fibonacci retracement and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.38178. It is worth noting that price is trending under the moving average, in line with our bearish view.
Pivot: 1.39304
Why we like it:
76.4%, 61.8% Fibonacci retracement and horizontal graphical overlap
1st Support: 1.38178
Why we like it:
-27%, 161.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing low.
1st Resistance: 1.40002
Why we like it:
61.8%, 88%, 38.2% Fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price has reversed our Pivot point at 1.39304, in line with 76.4%, 61.8% Fibonacci retracement and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.38178. It is worth noting that price is trending under the moving average, in line with our bearish view.
Pivot: 1.39304
Why we like it:
76.4%, 61.8% Fibonacci retracement and horizontal graphical overlap
1st Support: 1.38178
Why we like it:
-27%, 161.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing low.
1st Resistance: 1.40002
Why we like it:
61.8%, 88%, 38.2% Fibonacci retracement and horizontal graphical overlap.
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.