H1 40pip stop loss. 0.91250 is a very important Weekly level..

FX:AUDCAD   Australian Dollar/Canadian Dollar
The 0.91250 is the weekly chart's resistance, a very strong resistance at that too. Apologies on not posting it but please, do check it out yourself and you'll see what I'm talking about.

This H1 Flat Bottom Triangle pattern confirms for us that the bears are indeed back in town. A break and close below .91250 will be the bears expressing their willingness to drive price further downward.

Oh, one more thing.. stochastic is overbought on the weekly chart.

Enjoy your 100pips 😃👍🏆.


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