USDCAD H4 | Potential Bearish Reversal?

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TitleUSDCAD H4 | Potential Bearish Reversal? TypeBearish ReversalPreference:Price is rising towards the pivot point of 1.32421 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.30985.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.33053.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

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