Title
USDCAD H4 | Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 1.3843, an overlap resistance close to the 38.2% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st  support level at 1.3779, which is considered an overlap support level.

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.3888, a multi-swing high resistance level

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