If you are looking for the buying opportunity for #AUDCAD, it is a good time to enter. There are around 100 - 150 pips. (I also analyzed this pair from my previous post as well)
This pair has broken the trendline. looking for a good entry point
If we could see the upward break of this area, it will be 100 to 150 pips count
We could see some movement in the upcoming of London session soon.
If we could see the retest at the trendline, it will form the Head and Shoulder Pattern.
If we could see the close above the descending trendline, it is going to be the buying opportunity with around 100 pips count
1hr Chart, We could see the last candle is moving across the trendline. If we see this candle close above the trendline, it is a buying opportunity. 4hr Chart, The same as 1hr chart. 1D Chart, Yesterday the candle closed higher than its open. Possible the reversal candlestick and it also reject the 38.2 Fibonacci level. It could be around 100 - 300 pips count