#GBPUSD, H4 is testing our Pivot point, potential for a drop.
Description:
Price is testing our Pivot point at 1.38207, in line with 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.36851, in line with 127% fibonacci retracement, 200% fibonacci extension and horizontal swing low support. Note that price is under the Ichimoku cloud and MACD is under the 0-line, in line with our bearish analysis.
Pivot: 1.38207
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.36851
Why we like it:
127% fibonacci retracement, 200% fibonacci extension and horizontal swing low support
1st Resistance: 1.38982
Why we like it:
78.6% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.38207, in line with 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.36851, in line with 127% fibonacci retracement, 200% fibonacci extension and horizontal swing low support. Note that price is under the Ichimoku cloud and MACD is under the 0-line, in line with our bearish analysis.
Pivot: 1.38207
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.36851
Why we like it:
127% fibonacci retracement, 200% fibonacci extension and horizontal swing low support
1st Resistance: 1.38982
Why we like it:
78.6% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.