The USDCAD 4-hour chart shows a potential long setup, but it comes with increased risk. Price has recently broken above a key resistance-turned-support level and is now pulling back for a possible retest. This could trigger a bullish continuation, especially with the 50 EMA now below price, supporting upward momentum.
However, the setup is riskier because the...
The AUD/USD 2-hour chart shows a strong buy opportunity as price reacts to a key support zone. Multiple rejections with long lower wicks signal strong buyer interest, suggesting a potential bullish reversal. The setup offers a great risk-to-reward ratio, with a tight stop below support and a wide target above. If price breaks above the 50 EMA, it would further...
