USDCHF H4 | Bouncing off 61.8%?

TitleUSDCHF H4 | Bouncing off 61.8%?TypeBullish BouncePreference:The price is falling toward our pivot point of 0.89824, which serves as a pullback support level that aligns with the 61.8% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 0.90948Alternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 0.89091, a multi-swing low support levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.