NZDUSD H4 | Potential Bounce off support
TitleNZDUSD H4 | Potential Bounce off supportTypeBullish BouncePreference:Price is falling to our pivot point of 0.61144 which is a pullback support level that aligns with a 50% and 61.8% Fibo retracement. A reverse from here, price could rally towards 1st resistance at 0.62072 which is a multi-swing high resistance.Alternative scenario:However, if price breaks below the pivot, it could fall to 1st support at 0.6035To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
Leave a Comment