AUDCAD possible reversal to the upside
AUDCAD is in a Weekly downtrend and after
a push down it started making higher lows,
which tells us that price is now ranging and
is trading between its previous swing levels,
we can see that price looks to make a head&shoulders pattern
On the Daily we see a possible double bottom
being formed and on the second half we can
see that price starts to stall and stops making
lower lows and starts ranging. Price is at about
the 50% level of the huge pinbar which is also
a nice level for price to push higher
I'll be watching this pair for nice long setups for the coming weeks
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