FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
59 2 0
I expect price to move up in the long-term. As of right now, price is forming a double bottom , which might lead to a break above the TL. As stop raid could happen before the up move. For a conservative approach, wait for a break above the TL and a pullback to enter long.

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Kommentar: Price indeed did a stop raid as I mentioned. I got stopped out by less than 2 pips in the process. Price then move towards where I have marked but didn't quite make. Price is a bit chaotic right now, so I need to update my analysis.
SL HIT
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Callitradar rafedihs
@rafedihs, "stop raid could happen before the up move. For a conservative approach, wait for a break above the TL and a pullback to enter long"
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