AUDCAD_4th Week of Sept 2021

Price currently retest at key area where it has made several touches and pullbacks on weekly chart. Based on the past data we would anticipate the price may do the same thing again. We can use the steps below to measure the shift in trend before taking any Long position

Using simple entry technique

Step 1:
Waiting for the price to break the correction trendline (intraday chart)

Step 2:
Waiting for HH & LH structure (best to look for price to pullback after breakout happen)

Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you

* We may consider the price may retest the trendline