GBPUSD, H4 is under our Pivot point, potential for drop.
Description:
Price is under our Pivot point at 1.37580, in line with 38.2% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.36763, in line with 78.6%, 161.8% fibonacci extension and horizontal swing low.
Pivot: 1.37580
Why we like it:
38.2% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.36763
Why we like it:
78.6%, 161.8% fibonacci extension and horizontal swing low
1st Resistance: 1.38026
Why we like it:
78.6% fibonacci retracement and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is under our Pivot point at 1.37580, in line with 38.2% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.36763, in line with 78.6%, 161.8% fibonacci extension and horizontal swing low.
Pivot: 1.37580
Why we like it:
38.2% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.36763
Why we like it:
78.6%, 161.8% fibonacci extension and horizontal swing low
1st Resistance: 1.38026
Why we like it:
78.6% fibonacci retracement and horizontal swing high resistance.
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.