Potential Bullish Bounce

TitlePotential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 77.303 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 79.662 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 76.292 which is a pullback support that aligns with the 78.6% 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.