US30USD H1 | Bearish reversal off 61.8% fibo?

TitleUS30USD H1 | Bearish reversal off 61.8% fibo?TypeBearish ReversalPreference:Price is rising towards our pivot point at 33783.9, which is a swing high resistance level, aligning with the 61.8% fibo retracement and 100% fibo projection. Price could react bearishly, to fall to the 1st support level at 33494.4, which is a swing low support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 33950.4, which is a 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.