USDCAD H4 | Potential Bearish Reversal?

BY admin admin

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.

Leave a Comment

Leave a Reply

Your email address will not be published.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

Related Posts

Forex

Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead?

The Bank of Canada looks on course to hold rates steady once more. This coupled with a rebound in the Dollar has weighed on the Canadian Dollar, while the long-held view regarding correlation between

Forex

NZDUSD Enters Fifth Wave After Breaking Bullish Order Block

<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>NZDUSD Analysis: The Market Begins Its Fifth Wave As Price Leaves The Bullish

Forex

FX option expiries for 24 August 10am New York cut

<p>There are a couple to take note of, as highlighted in bold.</p><p>The first ones being for EUR/USD with large ones at 1.0800 and 1.0900-10 being the more significant ones I would

Copyright © 2024 | WordPress Theme: Xews Lite