Once the current support at 1.3854 is broken there is a huge open ground for price to go back down to previous ranges with a considerable R:R. The weekly and the daily graph support this assumptions, so we'll see if they break through. FX:USDCAD
EURAUD H4 support break and test, now going downwards.
Price is making a reversal on the lowest end and will possibly hit the previous high. If not a TP1 on previous resistance may be considered.
Reasonable reversal setup on recent low with 1 RR.
If the next 2 or 3 candles confirm, this could be a good setup for a shot position heading the last strong support with a good R:R ratio.
If the daily candle closes green and showing some strength this is a reasonable setup to go long up until the next resistance zone
USDCAD D1 Analysis. Hitting the top resistance since 2019 and looking to go down. A lot of room to go. FX:USDCAD