Based on the H4 chart analysis, we can see that the price has bounced off the buy entry, which is a pullback support that lines up with the 50% Fibonacci retracemnt and could rise from this level to the take profit.
Buy entry is at 1.3910, whichis a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss is at 1.3881, whichis a pullback support.
Take profit is at 1.3982, which s a pullback resistance that lines up with the 50% Fibonacci retracemnt.
Stratos Markets Limited (tradu.com/uk ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Stratos Europe Ltd (tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Buy entry is at 1.3910, whichis a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss is at 1.3881, whichis a pullback support.
Take profit is at 1.3982, which s a pullback resistance that lines up with the 50% Fibonacci retracemnt.
Stratos Markets Limited (tradu.com/uk ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Stratos Europe Ltd (tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.