#GBPUSD, H4 is above our Pivot point, potential for a long.
Description:
Price is above our Pivot point at 1.41284, in line with 78.6% fibonacci retracement and 100% fibonacci extension. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42465, in line with horizontal graphical swing high and 100% fibonacci extension. Do note that price is above the ascending trendline and Ichimoku cloud , in line with our bullish analysis.
Pivot: 1.41284
Why we like it:
78.6% fibonacci retracement and 100% fibonacci extension
1st Support: 1.40890
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.42465
Why we like it:
horizontal graphical swing high and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Price is above our Pivot point at 1.41284, in line with 78.6% fibonacci retracement and 100% fibonacci extension. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42465, in line with horizontal graphical swing high and 100% fibonacci extension. Do note that price is above the ascending trendline and Ichimoku cloud , in line with our bullish analysis.
Pivot: 1.41284
Why we like it:
78.6% fibonacci retracement and 100% fibonacci extension
1st Support: 1.40890
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.42465
Why we like it:
horizontal graphical swing high and 100% fibonacci extension
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.