Title
BCOUSD, H4 | Potential bearish reversal

Type
Bearish Reversal

Preference:
Price could approach our pivot level of 80.514 and reverse from here, we could see momentum move price down to its 1st support of 76.972.

Alternative scenario:
If price breaks above the pivot level, it could hit the 1st resistance of 83.401.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.