BCOUSD H4 | Bullish bounce of 50% Fibo

TitleBCOUSD H4 | Bullish bounce of 50% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 88.644 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 91.846 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 85.604 which is a pullback support 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.