AUDCAD - A reversal in play!20220504 - 1619H: Weekly prints a new channel in the making. Daily chart reflects a morning star on channel bottom. H4 prints a H&S. A potential reversal in play.
No rush on the setup, unless a Bullish green is drawn for Week 02 May. Will look out for HiMAC setups to trade to DKL @0.95825.
HiMAC Bias: BUY
20220505: Daily prints a big green candle breaking the WKL. Expecting a pull back to FIBO 50 @0.91825, WKL @0.91704 or FIBO 61.8 @0.91634, before heading to the upside.
PS: Those that missing the 2 HiMAC trades 02MAY 1600H or 04MAY 0900H, please Wait!!! There is a potential retest of channel bottom if price remains below WKL @0.91704 by the end of friday trading hours.
