EURGBP H4 | Bearish reaction off 78.6% fibo?
EURGBP is reacting to a pullback resistance level, which aligns with the 78.6% fibo retracement and 127.2% fibo projection. EURGBP could potentially fall further to the downside, towards our take profit target.
Entry: 0.8591
Why we like it:
There is a pullback resistance level, and there is fibo confluence, 78.6% fibo retracement and 127.2% fibo projection.
Stop Loss: 0.8613
Why we like it:
There is a swing high resistance and above the 161.8% fibo extension.
Take Profit: 0.8574
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Entry: 0.8591
Why we like it:
There is a pullback resistance level, and there is fibo confluence, 78.6% fibo retracement and 127.2% fibo projection.
Stop Loss: 0.8613
Why we like it:
There is a swing high resistance and above the 161.8% fibo extension.
Take Profit: 0.8574
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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