Title

USDCHF H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward the pivot of 0.8570, a pullback resistance close to 50% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 0.8497, an overlap support 

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 0.8623, a pullback resistance level close to the 50% Fibo retracement