USDCAD H4 | Potential bearish reversal

TitleUSDCAD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.3283 and could potentially reverse from here; we could see momentum carry price down to its 1st support of 1.32174.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.33325. To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.