USDCHF H4 | Bearish continuation towards 1st support before bouncing off

TitleUSDCHF H4 | Bearish continuation towards 1st support before bouncing offTypeBearish continuationPreference:Price is approaching our pivot point at 0.8526, which is at the 100% fibo projection level. We can expect a bearish continuation towards the 1st support, before reversing to the upside.Alternative scenario:The 1st support lies at 0.8437, which is at the -61.8% fibo expansion. The 1st resistance is at 0.8756, which is an overlap resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.