USDCHF H4 | React off overlap resistance?

TitleUSDCHF H4 | React off overlap resistance?TypeBearish ReversalPreference:The price is rising toward our pivot point of 0.90698, which serves as a pullback resistance level aligning with the 78.6% Fibonacci.A reversal from this point could lead the price to drop to the 1st support at 0.8982, an overlap support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 0.91122, 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.