TitleAUDUSD H4 | Bearish reversal off 61.8% fibo?TypeBearish ReversalPreference:Price could rise to our pivot point at 0.6610, which is a swing high resistance level, aligning with the 61.8% fibo projection. Once prices takes out liquidity at this level, we can expect price to fall to the 1st support at 0.6570, which is a pullback support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 0.6642, which is a pullback resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
