NZDUSD H4 | Bearish reaction off 61.8% fibo?

TitleNZDUSD H4 | Bearish reaction off 61.8% fibo?TypeBearish ReversalPreference:Price could potentially reverse at the pivot point at 0.6088, which aligns with the 61.8% fibo retracement. If price reacts at the pivot point, it could continue its bearish momentum, and fall to the 1st support at 0.6035.Alternative scenario:If price breaks above the pivot, then price could head towards the 1st resistance at 0.6132.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.