Price action looks lovely on GU
as you can see the price is near our Area of interest its a strong POI for long , price is high likely to bounce of this area
there's an order block as well, 4h 50 EMA support, pivot.
see how many confluences we got here
AUDCAD is moving in channel since long on bigger Timeframes.
It finally broke above the channel on 4h and 1h but the daily candle closed under again. So we either go short on breakdown below 50 EMa and strong level 0.88600 or we wait and see if a strong bullish candle forms & closes taking rejection from downside ( support from channel ) we can plan long then and...