TitleUSDCAD H4 | Rising towards swing-high resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.35202 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.34234 which is a swing-low support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.35512 which is a pullback resistance that aligns beyond the 50.0% Fibonacci retracement 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.
