Title
USDCHF H4 | React off overlap resistance

Type
Bearish Reversal

Preference:

Price is currently at our pivot point of 0.89923, which represents an overlap resistance. This level aligns with a 50% Fibonacci retracement and 100% projection, indicating a Fibonacci confluence. If there is a reversal from this level, the price could potentially decline towards the first support at 0.89415.

Alternative scenario:
However, if it breaks above the pivot, it could rally to 1st resistance at  0.9061

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