Sideways Trading

TitleSideways TradingTypeBullish BouncePreference:Price is falling towards the pivot point of 0.66809 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.67442 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.6641 which is a pullback support that sits below the 61.8% 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.