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.