Title
USDCAD H4 | Potential bearish reversal

Type
Bearish Reversal

Preference:

Price is heading towards our pivot point of 1.32772 which is a pullback resistance that aligns with a 61.8% Fibo retracement. a reverse from here, price could fall to 1st support at 1.31882 which is a multi-swing low support

Alternative scenario:

However, if it breaks above the pivot, it could rally to 1st resistance at 1.33531

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