TitleBCOUSD H4 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 92.185 which is a pullback support that aligns with the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 94.44 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.Alternative scenario: If price breaks below the pivot point, it could hit the 1st support at 91.189 which is a pullback support that aligns close to the 78.6% Fibonacci projection 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.
