USDCHF H4 | Bearish Reversal
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