Trendline is said to be the most powerful indicator. The aud/cad has revealed what is called two- trendlines where we watch a close below the first trendline which has been acting as support/resistance and the hold a positin to the next trendline which price has tested in the past
In this set up, i will wait for a
close below trendline 1 on daily chart then hold to the 2nd trend line which is a major suport on weekly chart
Attachment 18473