USDCAD H4 | Potential support within bullish Ichimoku Cloud

TitleUSDCAD H4 | Potential support within bullish Ichimoku CloudTypeBullish BouncePreference:Price is falling towards the pivot point of 1.37357 which is an overlap support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.38202 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support 1.36715 at which is a pullback 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.