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USDCHF, H4 | Potential For Bullish Bounce!

33205 usdchf h4 potential for bullish bounce

Type: Bullish BounceKey Levels:Resistance: 0.91793Pivot: 0.91534Support: 0.91793Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 0.91534 in line with 200% Fibonacci Projection towards our 1st resistance at 0.91793 in line with 78.6% Fibonacci extension and 23.6% Fibonacci retracement and graphical overlap. RSI is at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 0.91793 in line with 127.2% Fibonacci extension.

Source: Tickmill

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