Pound H4 | Rising into resistanceThe Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.27433 which is a pullback resistance.
Stop loss is at 1.28080 which is a level that sits above the swing-high resistance.
Take profit is at 1.26285 which is a pullback support that sits above the 61.8% Fibonacci retracement level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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