USDCHF H4 | Potential Bullish Bounce off 23.6% Fibo?

TitleUSDCHF H4 | Potential Bullish Bounce off 23.6% Fibo?TypeBullish BouncePreference:Price could potentially bounce off the 23.6% fibo, which is at our pivot point at 0.8757. If price does not break below the pivot point, then price could rise to the 1st resistance at 0.8827, which is at the 61.8% fibo retracement, and an overlap resistance level.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support at 0.8687, which is an overlap support and 50% fibo retracement 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.