Kom igång
orvilleawright

GBPUSD (4H) price bounces off the 161.8% extension

Brittiska pund/Amerikanska dollar (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   Brittiska pund/Amerikanska dollar
GBPUSD orvillewright 4hours support Support and Resistance price-action structure-trade
4
0
gbpusd orvillewright 4hours support supportandresistance price-action structure-trade
On the GBPUSD (4H) chart, price is trading close to the low of the bear channel after bouncing off the 161.8% (at 1.2690x) extension of a prior swing low. Since we are currently trading below the range lows, I would expect this area to act as resistance. The market is over extended and there is significant separation between price and the 50 SMA as well as the 20 SMA. Expect some ratracement back to those moving averages was well as the top of the bear channel.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!

Liknande idéer

orvilleawright
GBPUSD (Daily) price broke the low of the trading range
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.