USDCAD H4 | Bounce off from Fibo confluence

TitleUSDCAD H4 | Bounce off from Fibo confluenceTypeBullish BouncePreference:Price is falling towards our pivot point of 1.31165 which aligns with   -27.2% Fibo expansion and 161.8% Fibo extension, indicating the Fibo confluence zone. A reverse from here, price could rally to 1st resistance at 1.31762 which is a pullback  resistance level.Alternative scenario:However, if price breaks below the pivot. it could fall to 1st support level at 1.30754To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.