Buy signal at AUDCAD pair

AUDCAD in the H4 timeframe. Price is in nice uptrend recently. In it's up trend it has crossed both the 50 & 200 SMA.

Trend bulding swing lows were showing nice candlestick patterns as marked in the images. In the current candle a bullish engulfing candle has been created just above the 50 SMA and created a higher swing low.

It's a nice entry point for a long position. Let's see what happens next.