empty
 
 
10.06.2019 04:38 AM
GBP/USD approaching resistance, potential drop!

This image is no longer relevant

Price is approaching our first resistance where we might see a drop below this level.

Entry : 1.2763

Why it's good : Horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement

Stop Loss : 1.2810

Why it's good : horizontal pullback resistance, 38.2% Fibonacci retracement

Take Profit : 1.2645

Why it's good : 61.8% Fibonacci retracement,61.8% Fibonacci extension, Horizontal swing low support

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback