Type: Bullish MomentumKey Levels:Resistance: 0.7863Pivot: 0.7795Support: 0.7728Preferred Case:On the H4, microwith price moving in an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 0.7795 at the multiple swing high in line with the 50% fibonacci retracement to the 1st resistance at 0.7863 at the pullback resistance in line with the 78.6% fibonacci projection.Alternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support at 0.7728 at the overlap swing low.Fundamentals:No major news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/micro-cad-usd-futures-mcd1-h4-potential-for-bullish-rise26"
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