USDCHF H4 | Bearish Reversal
Title
USDCHF H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot point of 0.8832, a pullback resistance. A reverse from this level could lead the price to fall to 1st support level at 0.8763, slightly above 161.8% Fibo extension + 100% Fibo projection
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 0.8881, a pullback resistance level
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