Type: Bearish Reversal Key Levels:Resistance: 1.26228 Pivot: 1.25635 Support: 1.24564 Preferred Case: On the H4, with price moving below our Ichimoku cloud, we have a bias that price will drop from pivot of 1.25635 in line with the horizontal pullback resistance to 1st support at 1.24564 in line with the horizontal swing low support and 200% Fibonacci projection . Alternative Scenario: Alternatively, price may break pivot and head for 1st resistance at 1.26228 in line with the horizontal pullback resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-or-potential-bearish-continuation25"
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