USDCHF H4 I Potential Bearish Reversal
Title
USDCHF H4 I Potential Bearish Reversal
Type
Bearish Reversal
Preference:
The price is moving up towards the pivot level of 0.8649, which acts as a pullback resistance. A reversal at this level could cause the price to drop to 1st support at 0.8606 an overlap support close to 161.8% Fibonacci extension
Alternative Scenario:
If the price breaks above the pivot, it may rise to 1st resistance level at 0.8696, a multi swing high resistance