GBPUSD H4 | Potential bearish reversal


Title
GBPUSD H4 | Potential bearish reversal

Type
Bearish Reversal

Preference:
Price rises toward the pivot point of 1.2769, a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 1.2708, an overlap support level

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.2836,  above a swing-high resistance level

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

Past performance is not indicative of future results.

High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% and 73% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top