AUDCAD - Demand Zone

16 thg 10, 2022AUDCAD has reach the other end of the Bearish Parallel Channel, it gives counter-trend traders an opportunity to engage the trade.

On a more conservative approach, counter-trend traders could wait for a double bottom with RSI Divergence on the 1hourly chart.

What is crucial in the setup is that the candlestick shouldn't break and close beyond the blue dotted line.