US30USD H4 | Heading into 23.6% Fibo resistance

TitleUS30USD H4 | Heading into 23.6% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 33263.89 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 32829.28 which is a swing-low support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 33523.8 which is a pullback resistance 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.