High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% and 72% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
USDCAD H4 | Falling to pullback support |
منبع: https://www.tickmill.com/blog/usdcad-h4-falling-to-pullback-support-20th-october-2023
Type
Bullish Bounce
Preference:
Price is falling towards the pivot point of 1.36919 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37835 which is a swing-high resistance level.
Title
USDCAD H4 | Falling to pullback support
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.