Bearish Drop

Key Levels:
Resistance: 8.480
Pivot: 8.235
Support: 7.810

Preferred Case:
On the H4, with price moving below the ichimoku cloud and descending trendline, we have a bearish bias that price will drop from the pivot at 8.235 where the previous swing low is to the 1st support at 7.810 where the swing low support is.

Alternative Scenario:
Alternatively, price rise to 1st resistance at 8.480 where the pullback resistance is.

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