CABLE H4 | Bullish bounceGBP/USD is falling towards the buy entry which acts as an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 1.3405, which is an overlap support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.3310, which is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit is at 1.3521, which is a pullback resistance.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (thttps://tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Global LLC (tradu.com ):
Losses can exceed deposits.
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