AUDCAD following bearish channel

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
=====