FX:AUDCAD Australian Dollar/Canadian Dollar
The trend is your friend. Clear up trend is in place. Price has retraced to the 50% Fibonacci level in conjunction with a recent indicating that price is undecided. Often when price is indecisive a strong move can follow as either the buyers or sellers take control. My biased is towards an upward move based on the recent uptrend confirmed by higher time frames. Also price has retraced to a previous . Entry could be placed above the to confirm the uptrend and target could be placed at the next major .