USDCHF M15 I Bearish Reversal
Title
USDCHF M15 I Bearish Reversal
Type
Bearish Reversal
Preference:
The price is falling from the pivot level of 0.8543, which acts as a pullback support level. A bounce from this level might cause the price to rise to the 1st resistance level at 0.8624, a pullback resistance.
Alternative Scenario:
If the price breaks below the pivot, it may fall to the 1st support level at 0.8482, which acts as an overlap support level close to 61.8% Fibonacci retracement.