TitleGBPUSD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price is falling toward the pivot point of 1.2604 which is a multi-swing low support level. A breakout from this level price could continue to fall to 1st support at 1.2526, a swing low support levelAlternative scenario:If price bounces the pivot, it could ride to 1st resistance at 1.2697, a pullback resistanceTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
