USDCAD H4 | Potential Bearish Reversal AheadThe Loonie (USD/CAD) is rising towards the sell entry, which has been identified as a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to the downside.
Sell entry is at 1.3875, which is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss is at 1.3941, which is a pullback resistance.
Take profit is at 1.3793, which is an overlap support level that lines up with the 61.8% Fibonacci retracement.
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