Title

AUDUSD H4  | Bearish Breakout

Type

Bearish Breakout

Preference:

waiting for price to pullback to the pivot of 0.6808. A drop from this level could lead the price to fall to 1st support at 0.6767, A pullback support close to the 78.6% Fibonacci retracement. 

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 0.6840, a swing-high resistance