USDCHF H4 | Bullish bounce off 78.6% fibo?

TitleUSDCHF H4 | Bullish bounce off 78.6% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 0.8945, which is a pullback support level, aligning with the 78.6% fibo retracement. If price bounces off our pivot point, then we can expect price to fall to the 1st support at 0.8883, which is a swing low support level.Alternative scenario:If price breaks above the pivot point, then we can expect price to rise towards the 1st resistance at 0.8999, 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.