Title
USDCHF H4 | Potential Bullish reversal
Type
Bullish Bounce
Preference:
The price is approaching our pivot point which lines up with the 50% Fibonacci retracement, if the price were to reverse from this level it could push up to major resistance at 0.9450
Alternative scenario:
If the price were to break through, it could drop down to our 1st support level at 0.9149
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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.