AUDUSD H4 | Bullish reversal off pivot?

TitleAUDUSD H4 | Bullish reversal off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 0.6515, which is at a swing low support level. If price rejects this swing low support, we could expect price to rise to the 1st resistance, at 0.6599, which is an overlap resistance and at the 38.2% fibo retracement.Alternative scenario:If price breaks below the pivot point, then we can expect price to fall to the 61.8% fibo projection, which is right above the 1st support at 0.6457.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.