Title
BCOUSD M15 I Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 81.86, a pullback resistance close to the 61.8% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st  support level at 180.23, which is considered an overlap support

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 82.62, a multi-swing high 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.