AUDUSD H4 | Bearish Breakout
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