Title
USDCHF H4 | Reversing to support level?
Type
Bearish Reversal
Preference:
Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing low support
Alternative scenario:
Price could break the pivot line at 0.87631 and rise to the 1st resistance level at 0.88095 a pullback resistance
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.