BCOUSD H4 | Rising into pullback resistance

TitleBCOUSD H4 | Rising into pullback resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 87.859 which is a pullback resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 85.881 which is a pullback support level.Alternative scenario:IIf price breaks above the pivot point, it could hit the 1st resistance at 89.451 which is an overlap resistance that aligns close to the 38.2% 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.