Base on my Analysis AUDCAD is an uptrend market structure. This pair is always trending so we look for continuation "Trend is your friend". The continuation can happen in the Confluence(Area of Interest, EMA, Trend line, and Golden ratio of FIB ).
Base on my Analysis at 4hr Timeframe this pair is going to be an Uptrend next week. If the price comeback on the confluence (EMA with golden ratio of fib Retracement and area of interest) and a Rejection to go below the Confluence then Entry Long. Always remember this is just an Idea you must decide by yourself. Follow you Risk Management. I hope you have a good trade!
Base on my analysis there was a trend change so we are now in the downtrend, The Price Pullback to the Area of interest and it touch the EMA in the GOLDEN RATIO of fib retracement. So there is a high probability of continuation.
Base on a trend there will be HIGHER HIGHER "trend is your friend" we found an Area of interest in a Weekly Pivot point And there was a retracement into the confluence.
XAUUSD is an Uptrend "Trend is your friend" so we only take Long position.
The idea A is that in the beginning of the weekly is a strong continuation that make HH so we take long on London session.
The idea B is that if Monday is bearish We Enter on Tuesday on London session.
The confirmation for this is the EMA and weekly pivot.
