AUDCAD: Sell Opportunity
The market gives a trend reversal signal based on a bearish divergence. The price is going to bounce from 0.89000 resistance zone. RSI confirms the price reversal. MACD confirms a possible sell opportunity. These bearish signals give us a sell opportunity.
Entry Price: below 0.88500
Stop Level: above 0.89380
Profit Level: at 0.86785
Risk per trade must be no more than 1% of your capital. If the price reaches the uptrend line, it will be possible to fix the part of the profit and move stop orders to breakeven.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Entry Price: below 0.88500
Stop Level: above 0.89380
Profit Level: at 0.86785
Risk per trade must be no more than 1% of your capital. If the price reaches the uptrend line, it will be possible to fix the part of the profit and move stop orders to breakeven.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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