Get started
Forex_Positive

AUDCAD following bearish channel

Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Forex_Positive  
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD Forex forexpositive
3
0
audcad forex forexpositive
AUDCAD following bearish channel very well. This is a counter-trend trade. But the risk/reward is good, as we going long near the lower band of the bearish channel.

Wait for re-test of 0.9940-50, which is last week's low.

Long AUDCAD 0.9940-50
SL 0.9900
TP 1.0100

======
www.ForexPositive.com
Twitter: @ForexPositive
=====
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.