Type: Bullish BounceKey Levels:Resistance: 1.27113Pivot: 1.25423|Support: 1.24285Preferred Case:On the H4, with price moving above the Ichimoku cloud, we have a bias that price will rise to our 1st resistance at 1.27113 in line with the horizontal pullback resistance and 61.8% Fibonacci retracement from our pivot at 1.25423 in line with the horizontal pullback support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.24285 in line with the 78.6% Fibonacci retracement
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-or-potential-for-a-rise"
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