Title
US30USD H4 | Bearish reversal off pivot?
Type
Bearish Reversal
Preference:
Price could retrace back to our pivot point at 35060.9, which is a multi-swing high resistance level. Price could fall to the 1st support at 34306.3, which is a pullback support level, aligning with the 61.8% fibo retracement.
Alternative scenario:
If price breaks above the pivot point, then price could rise towards the 1st resistance at 35307.3, which is 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.
Source: Tickmill
