GBPUSD, H4 breaking out of our Pivot point, potential for drop.
Description:
Price is attempting to break out of our Pivot point at 1.37506, in line with 127%, 78.6% fibonacci extension, and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.36509, in line with 88%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 1.37506
Why we like it:
127%, 78.6% fibonacci extension, and horizontal graphical overlap
1st Support: 1.36509
Why we like it:
88%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.38345
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is attempting to break out of our Pivot point at 1.37506, in line with 127%, 78.6% fibonacci extension, and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.36509, in line with 88%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 1.37506
Why we like it:
127%, 78.6% fibonacci extension, and horizontal graphical overlap
1st Support: 1.36509
Why we like it:
88%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.38345
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension 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.