#GBPUSD, H4 is testing our Pivot point, potential for a rise
Description:
Price is testing our Pivot point at 1.38418, in line with 78.6% fibonacci retracement, 50% fibonacci extension and horizontal overlap, where we could potentially see a push up from our pivot towards our 1st resistance level at 1.39466, which is in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. Note that price is above the moving average and ascending trendline, in line with our bullish analysis.
Pivot: 1.38418
Why we like it:
78.6% fibonacci retracement, 50% fibonacci extension and horizontal overlap
1st Support: 1.37282
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low
1st Resistance: 1.39466
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.38418, in line with 78.6% fibonacci retracement, 50% fibonacci extension and horizontal overlap, where we could potentially see a push up from our pivot towards our 1st resistance level at 1.39466, which is in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. Note that price is above the moving average and ascending trendline, in line with our bullish analysis.
Pivot: 1.38418
Why we like it:
78.6% fibonacci retracement, 50% fibonacci extension and horizontal overlap
1st Support: 1.37282
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low
1st Resistance: 1.39466
Why we like it:
78.6% fibonacci retracement, 100% 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.