GBPUSD, H4 has broken our Pivot point, potential for drop.
Description:
Price is approaching our Pivot point at 1.37157, 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 1.35916, in line with 78.6% and 161.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing low support. Note that price is trending under the Ichimoku cloud, in line with our bearish view.
Pivot: 1.37157
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1.35916
Why we like it:
161.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1.37951
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and ichimoku cloud resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.37157, 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 1.35916, in line with 78.6% and 161.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing low support. Note that price is trending under the Ichimoku cloud, in line with our bearish view.
Pivot: 1.37157
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1.35916
Why we like it:
161.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1.37951
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and ichimoku cloud 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.