We can see that WTI recently broke a Double Top. The next candle made a strong retracement back to a small support around 61.500 a barrel.
Ideally, we want this candle to close as a strong Bullish Candle to look for further moves to the upside.
Here we can see that AUDCAD has started to move into two converging lines forming a Symmetrical Triangle.
Wait for a break of this pattern for a potential move. This could happen as we approach the UK open.
Within an Elliott Wave Cycle. Currently, it seems that we have finished Wave 2 of Wave (v) after a 61.8% Fibonacci retracement of Wave 1 it made a strong move to the upside.
Using a Fibonacci Expansion, look for wave 3 to reach 100% to 161.8% of wave 1.
A strong downtrend creating a clean path back up. We can now see a Flat Top Trinagel being broken to the upside.
If it stays above 1.6200 Look for a Potential Target at about 1.67348