Type: Bearish ReversalKey Levels:Resistance: 0.92783Pivot: 0.9218Support: 0.91765Preferred Case:On the H4 timeframe, prices are on bearish momentum and abiding to our descending trendline. We see the possibility of bearish continuation from our pivot at 0.9218 in line with 61.8% Fibonacci retracement towards our 1st support at 0.91765 in line with the horizontal swing low support. Our bearish bias is further supported by prices trading below our Ichimoku clouds.Alternative Scenario:Alternatively, price may break pivot structure head for 1st resistance at 0.92783 in line with the 61.8% Fibonacci retracement level.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-or-potential-bearish-continuation"
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