Title
NZDUSD H4 | Bearish reversal off pivot point

Type
Bearish Reversal

Preference:

Price is approaching our pivot point at 0.6188 which is a multi swing high resistance. Price could potentially become bearish and head towards our 1st support level at 0.6142.

Additionally, price is below a major descending trend line, suggesting that there is a strong bearish momentum.

Alternative scenario:

If price breaks above the trendline and pivot point, then price would head towards the 1st resistance at 0.6219.

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