USDCAD, H4 I Potential Drop

usdcad,-h4-i-potential-drop

Type: Bearish ReversalKey Levels:Resistance: 1.2606Pivot: 1.2547Support: 1.24574Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 1.2547 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement to 1st support at 1.24574, which is in line with horizontal overlap support and 100% Fibonacci projection level.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 1.2606, which coincides with horizontal overlap resistance and 61.8% Fibonacci retracement.

Source: Tickmill

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usdjpy,-h4-|-potential-for-dip

USDJPY, H4 | Potential For Dip

Type: Bearish ReversalKey Levels:Resistance: 1.1273Pivot: 1.12471Support: 114.158Preference:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for further bearish momentum

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