AUDUSD H4 | Bearish reversal off 61.8% fibo projection?

TitleAUDUSD H4 | Bearish reversal off 61.8% fibo projection?TypeBearish ReversalPreference:Price could potentially reject off our pivot point at 0.6587, which is a swing high resistance level, slightly above the 61.8% fibo projection and 127.2% fibo extension. Price could fall to the 1st support at 0.6541, which is a pullback support level .Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance level at 0.6624, which is a pullback 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.