Title

USDCHF  H4  | Bullish Reversal

Type

Bullish Reversal

Preference:

price is falling to the pivot of 0.8446, a pullback support close to 61.8% Fibo retracement. A reverse from this level could lead the price to rise  to 1stresistance at 0.8484,  an overlap resistance close to 50% Fibonacci Retracement.

 

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 0.8430, a swing low support