USDCAD, H4 | Double top reversal?

TitleUSDCAD, H4 | Double top reversal?TypeBearish ReversalPreference:We're seeing price break a strong support-turned-resistance level at 1.3571 which is an overlap support along with a 23.6% Fibonacci retracement. This could trigger a bigger move down to major support at 1.3518 which is a pullback support + 38.2% Fibonacci retracement.Alternative scenario:If prices were to rise back up, though, the 1st resistance we're looking at is 1.3602.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.