GBPUSD, H4 bounced from our Pivot point, potential for a long.
Description:
Price has bounced from our Pivot point at 1.38267, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension, ascending trendline and horizontal graphical support. Where we could potentially see a further rise from our pivot towards our 1st resistance level at 1.40919, in line with -27% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap.
Pivot: 1.38267
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension, ascending trendline and horizontal graphical support
1st Support: 1.37592
Why we like it:
100% fibonacci extension, Ichimoku cloud support and horizontal graphical swing low
1st Resistance: 1.40919
Why we like it:
-27% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 1.38267, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension, ascending trendline and horizontal graphical support. Where we could potentially see a further rise from our pivot towards our 1st resistance level at 1.40919, in line with -27% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap.
Pivot: 1.38267
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension, ascending trendline and horizontal graphical support
1st Support: 1.37592
Why we like it:
100% fibonacci extension, Ichimoku cloud support and horizontal graphical swing low
1st Resistance: 1.40919
Why we like it:
-27% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.