NZDUSD H4 | Bearish reversal

Title
NZDUSD H4 | Bearish reversal

Type
Bearish Reversal

Preference:
The price could react off the pivot at 0.62063, the overlap resistance. Then it could fall to the 1st support at 0.62587, the overlap support.

Alternative scenario:
Price might breakout of the pivot and rise to 1st resistance at 0.62587, the multi-swing high resistance.

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

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NZDUSD H4 | Bearish reversal

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