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TarekMustafa

AUDCAD Bull Flag breakout

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
TarekMustafa  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Bullish Patterns reversal retracement
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bullish reversal retracement
AUDCAD daily broke out of the bull flag formation which might lead for price moving higher.
It would be good to see retracement back to R/S (Red Line) in combination with reversal candles for a Long entry.

A retrace of CCI back to the neutral zone and than abother break to the up side could be seen as nice confluence.
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