Preference:

We can see that price abiding to the ascending channel on the daily and descending trendline on the H4. We can expect price to make a bounce from pivot level in line with 78.6% Fibonacci projection, 78.6% Fibonacci retracement and ascending channel support towards the 1st Resistance in line with 61.8% Fibonacci projection and 50% FIbonacci retracement.

Alternative Scenario:

Alternatively, price could push further down to 1st Support in line with 100% Fibonacci projection.

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