TitleBCOUSD H4 | Potential bearish reversal?TypeBearish ReversalPreference:Price could rise towards the pivot point of 92.208 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 89.691 which is an overlap support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 93.617 which is a pullback resistance that aligns close to the 61.8% Fibonacci 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.
