USDCAD H4 | Approaching pullback support

BY admin admin

TitleUSDCAD H4 | Approaching pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.31529 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.32325 that aligns close to the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.30987.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Fed's Evans: Fed could taper in late-2021 or early 2022 if economy better

Evans puts a timeline on the taper This is the first time I've seen a Fed official put a timeline on a taper. The bond market likes that QE but at the same time, it's tough to sell anything

Forex

Shiba-Inu (SHIBUSD) Bullish Pattern Emerged

<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>Shiba-Inu (SHIBUSD) Price Forecast: October 28The SHIBUSD pair’s bullish patte

Forex

Will the USD/RUB Jump or Drop Against the OPEC+ Decision?

<p>Good day!</p> <p>The Russian ruble keeps forming the spikes on the USD/RUB chart for the second day in a row. It doesn’t come as a surprise since both Russian ruble and oil are wa

Copyright © 2024 | WordPress Theme: Xews Lite