Title
AUDUSD H4 I Bearish Drop

Type
Bearish Reversal

Preference:
Price is rising toward the pivot of 0.6701, an overlap resistance close to 78.6% Fibo Retracement. A reverse from this level could lead the price to fall to 1st support at 0.664, a pullback support.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 0.6764, a pullback resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.