USDCAD H4 | Bearish reversal off 50% fibo?

TitleUSDCAD H4 | Bearish reversal off 50% fibo?TypeBearish ReversalPreference:Price could retest our pivot point at 1.3544, which is a pullback resistance level, aligning with the 50% fibo retracement and 78.6% fibo projection. Price could fall to the 1st support at 1.3487, which is a swing low support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 1.3573, which is above the 61.8% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.