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CADCHF, H4 | Bearish Dip!

29949 cadchf h4 bearish dip

Type: Bearish ReversalKey Levels:Resistance: 0.73014Pivot: 0.72805Support: 0.72192Preferred Case:Prices are at a Pivot. We see the potential for further bearish continuation from our Pivot at 0.72805 in line with 50% Fibonacci retracement towards our Take Profit at 0.72192 which is an area of Fibonacci confluences. RSI is showing bearish momentum.Alternative Scenario:Alternatively, prices may go to our 1st resistance at 0.73014 in line with 23.6% Fibonacci retracement.

Source: Tickmill

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