Okay, here is my update to the AUD/CAD...
Trading is getting ramped up in Australia right now, so lets see what they'll do.
This fib in my chart below was drawn on the 4hr. Now that we are into a new daily candle, please take note that it closed right on the trend line... to me this means to watch out for a pin candle, if price does go down. Possible headfake. I wouldn't have a sell stop at the 0.9410 right now. I'd wait to see how this next 4 hour candle plays out. Better to wait than getting tricked into a pin. Just my 2 cents though. Would love to hear other opinions!
Trading is getting ramped up in Australia right now, so lets see what they'll do.
This fib in my chart below was drawn on the 4hr. Now that we are into a new daily candle, please take note that it closed right on the trend line... to me this means to watch out for a pin candle, if price does go down. Possible headfake. I wouldn't have a sell stop at the 0.9410 right now. I'd wait to see how this next 4 hour candle plays out. Better to wait than getting tricked into a pin. Just my 2 cents though. Would love to hear other opinions!