TheSnowballEffect

Here is the setup that I am looking for on AUDCAD

Long
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
A Spring pattern could be forming
I am looking for price to consolidate just below the downward trendline so that it can break it with such force that it goes aggressively up, triggering my stop buy order.
I still think it has to go down a little bit to fill the lower imbalance created before it can push higher with force.

There is also a double bottom from the horizontal level that was formed

Here is the Horizontal level from a higher timeframe view:

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