USDCAD H4 | Potential RSI Bearish Divergence
TitleUSDCAD H4 | Potential RSI Bearish DivergenceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.37854 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.36717 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.38847 which is a pullback resistance that aligns with the -27.2% Fibonacci expansion level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
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