Type: Bullish BounceKey Levels:Resistance:Pivot:Support:Preferred Case:With prices approaching the support of the ichimoku cloud, we see the potential for a bounce from our pivot at 1.26619 in line with horizontal swing low support and 100% Fibonacci projection towards our 1st resistance at 1.27934 in line with horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.25662, in line with the horizontal overlap support and 161.8% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-i-potential-rise8"
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