OANDA:AUDCAD   Australian Dollar/Canadian Dollar
D1 - Triple cycle down, price reached a critical zone, potential bullish divergence.

H1 - Triple cycle down, price reached the critical zone and is moving higher, bullish divergence.

If the price moves higher and breaks above the high shown in the chart we may then look for pullbacks and buys with more bullish evidences.

Invalidation: This buy setup is valid until the low shown in the chart holds.

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.