USDCAD H4 | Bullish Bounce
Title
USDCAD H4 | Bullish Bounce
Type
Bullish Bounce
Preference:
The price is falling toward the pivot level of 1.3756, which acts as a pullback support. A reversal at this level could cause the price to rise to the 1st resistance at 1.3855, an overlap resistance.
Alternative Scenario:
If the price breaks below the pivot, it may drop to the 1st support level at 1.3699, a pullback support level. Additionally, when the price remains above the Ichimoku cloud, it's typically seen as a strong bullish signal, indicating upward momentum