USDCAD H4 | Bullish reversal
Title
USDCAD H4 | Bullish reversal
Type
Bullish Bounce
Preference:
Price is falling toward the pivot point of 1.3752, a pullback support close to 161.8% Fibo Fibo extension. A bounce from this level could lead the price to rise to 1st resistance level at 1.3797, a pullback resistance
Alternative scenario:
If the price breaks below the pivot, it could fall to 1st support at 1.3706, an overlap support 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.