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Lingrid | AUDCAD divergence at the DEMAND zone

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The price perfectly fulfilled my last idea. It hit the target. AUDCAD recently made a bearish move by breaking out of the consolidation zone. The price has now reached a demand zone where it previously surged. Additionally, the price action has formed a descending channel along with a bullish divergence, indicating that the bears are losing momentum. On the daily timeframe, the market also showed a fake breakout at this level, highlighting its significance. I expect the market to bounce off the support level and retest the psychological level above. My goal is resistance zone around 0.9000

Lingrid | AUDCAD Choppy Market. Potential SHORT from RESISTANCE


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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