Title
BCOUSD H4 | Potential bullish reversal
Type
Bullish Breakout
Preference:
Price is falling towards the pivot point of 93.087 which is an overlap support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 95.098 which is a swing-high resistance level.
Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 91.64 which is a pullback support level.
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Source: Tickmill