AUDCAD Trade plan: Waiting for bullish confirmation at Retest

Price broke above resistance with a momentum candle, indicating buyer control. This is our first clue that a structure shift might have occurred.
This retest is essential. Many traders make the mistake of entering too early without confirmation. But it's right here, once price touches the former resistance, that you must observe how price reacts. Look for price exhaustion or reversal candlesticks such as bullish engulfing patterns, or even inside bars.

Once rejection is confirmed, I'm looking to go long to 0.90450.

Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.