TitleGBP/USD H4 I Bearish continuation expected?TypeBearish DropPreference:The price is falling toward our pivot point of 1.2511, which serves as a pullback resistance level. A reverse from this point could lead the price to fall to the 1st support at 1.2454, a swing low support.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2547, a multi-swing high 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.
