GBPUSD, H4 is approaching our Pivot point, potential for a long
Description:
Price is approaching our Pivot point at 1.40577, in line with 38.2%, 78.6% fibonacci retracement and 61.8% fibonacci extension. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.41649, in line with the previous swing high. Do note that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 1.40577
Why we like it:
38.2%, 78.6% fibonacci retracement and 61.8% fibonacci extension
1st Support: 1.39909
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.41649
Why we like it:
-27%, 161.8% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.40577, in line with 38.2%, 78.6% fibonacci retracement and 61.8% fibonacci extension. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.41649, in line with the previous swing high. Do note that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 1.40577
Why we like it:
38.2%, 78.6% fibonacci retracement and 61.8% fibonacci extension
1st Support: 1.39909
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.41649
Why we like it:
-27%, 161.8% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Wyłączenie odpowiedzialności
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