TitleGBPUSD H4 I Potential Bearish Reversal?TypeBearish ReversalPreference: Price is rising toward our pivot point of 1.25276, which serves as a pullback resistance level that aligns with the 61.8% Fibo retracement. A reversal from this point could lead the price to drop to the 1st support at 1.24478, a swing-low support level..Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2584, an overlap 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.
