• Vasily Trader

AUDCAD: Trend-Following Trading Setup

AUDCAD is taking off from a strong support level .

The price formed a double bottom formation on 382 retracement of the last bullish impulse.

The trigger that I am looking for to buy the pair is a bullish breakout of a horizontal neckline.

I need an hourly candle close above 0.9255 structure as a trigger to buy.

In case of a new lower low formation on an hourly, the setup will be invalid.