USDCHF H4 | Bearish reversal
Title
USDCHF H4 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot point of 0.8876, an overlap resistance close to the 61.8% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st support level at 0.8833, which is considered a pullback support level.
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 0.8929, a pullback resistance level
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