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GBPUSD, H4 approaching our Pivot point, potential for bounce.
Description:
Price is returning to our Pivot point at 1.40971, in line with 78.6%, 38.2% Fibonacci retracement, 127% fibonacci extension, ascending trendline support and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.42531. It is worth noting that price is trending above the moving average and ascending trendline, in line with our bullish view.
Pivot: 1.40971
Why we like it:
78.6%, 38.2% Fibonacci retracement, 127% fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1.40394
Why we like it:
78.6%, 50% Fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.42531
Why we like it:
61.8% and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is returning to our Pivot point at 1.40971, in line with 78.6%, 38.2% Fibonacci retracement, 127% fibonacci extension, ascending trendline support and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.42531. It is worth noting that price is trending above the moving average and ascending trendline, in line with our bullish view.
Pivot: 1.40971
Why we like it:
78.6%, 38.2% Fibonacci retracement, 127% fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1.40394
Why we like it:
78.6%, 50% Fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.42531
Why we like it:
61.8% and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。