AUDCAD, Long

Price action is shifting from a bearish market to a potential bullish one. Price is currently moving within a decending channel which is at a level that has had a strong reaction too previously indicating that we could see the next bullish phase begin.

To add confluence to this set up, we could see a H&S pattern which the Right shoulder could be in the beginning with a swing target of 0.93350 range.

Look at the LTF for an entry that meets your trading plan.

Thanks
Trade safe

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beyondtechnicalanalysisfundamentalanalsysisheadandshoudersHead and ShouldersimpulseandcorrectionMultiple Time Frame AnalysismultitimeframeanalysisriskmangementTechnical AnalysisTrend Analysistrendtrading

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