AUDCAD: Sell Opportunity

The price broke the local uptrend line and moved sideways. If we get a breakout below 0.91000 support level, it will be a bearish signal. The market will confirm a downward movement to the nearest support levels. If so, it gives us a possible sell opportunity.

Entry Price: below 0.90975
Stop Level: above 0.91250
Profit Level: at 0.90425

Risk per trade must be no more than 1% of your capital. If the price breaks the stop level, we will have to search for a new trade opportunity. If the price reaches 0.90700, move stop orders to breakeven.