Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.2819, a swing-high resistance level
Type
Bearish Reversal
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منبع: https://www.tickmill.com/blog/gbpusd-h4-i-bearish-drop-20th-march-2024
Preference:
Price rises toward the pivot point of 1.2769, a pullback resistance close to 61.8% Fibo retracement + FVG. A reverse from this level could lead the price to fall to 1st support at 1.2675, an overlap support level
Title
GBPUSD H4 I Bearish Drop
Past performance is not indicative of future results.
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