AUDCAD Long Opportunity

I am still monitoring this one. It has created a double bottom on the 4H chart. So possibly the aggressive traders can go long. However, because of that resistance level ahead, I am waiting to see if it doesn't create another RS to make a head and shoulders pattern. If price bounces off the the resistance and comes back down, then we can see further downside momentum otherwise, it will be signal to go long and test that declining trendline again.

If prices happens to go up but fails to break the declining trendline, then we can see formation of a descending triangle which is a signal for future short opportunities for this pair