Title
BTCUSD H4 : Falling to 1st support
Type
Bearish Reversal
Preference:
Price has just reacted off our pivot point of 27485.03 which is an overlap resistance. A reverse from here, price could fall to 1st support at 26650.84 which is a multi- swing low support level.
Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 28309.28 which is a 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