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BCOUSD H4 | Approaching pullback support

BCOUSD H4 | Approaching pullback support

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TitleBCOUSD H4 | Approaching pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 88.318 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 90.761 which is a pullback resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 85.95 which is a pullback support that aligns under the 61.8% 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.
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