GBPUSD, H4 approaching our Pivot point, potential for a long.
Description:
Price has bounced from our Pivot point at 1.38694, in line with 50% fibonacci retracement, 61.8% fibonacci extension, ascending trendline and horizontal graphical support. Where we could potentially see a bounce from our pivot towards our 1st resistance level at 1.39402, in line with 78.6% fibonacci retracement and horizontal swing high. Do note that price is trending above the ascending trendline in line with our bullish analysis.
Pivot: 1.38694
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension, ascending trendline and horizontal graphical support
1st Support: 1.38182
Why we like it:
88% fibonacci retracement, 127% fibonacci extension and horizontal swing low
1st Resistance: 1.39402
Why we like it:
78.6% fibonacci retracement and horizontal swing high
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 1.38694, in line with 50% fibonacci retracement, 61.8% fibonacci extension, ascending trendline and horizontal graphical support. Where we could potentially see a bounce from our pivot towards our 1st resistance level at 1.39402, in line with 78.6% fibonacci retracement and horizontal swing high. Do note that price is trending above the ascending trendline in line with our bullish analysis.
Pivot: 1.38694
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension, ascending trendline and horizontal graphical support
1st Support: 1.38182
Why we like it:
88% fibonacci retracement, 127% fibonacci extension and horizontal swing low
1st Resistance: 1.39402
Why we like it:
78.6% fibonacci retracement 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.