AUD Bearish opinion because of :
1. AUDCAD is in the current down momentum
2. A good pin bar signal appeared at the vital resistance level of the current momentum
3. The volume of the signal was good - higher than previous candles as well as average 20 periods
THREAT:
1. The signal is on the H4 timeframe, which is a weaker signal than on daily or weekly chart.
Opportunity:
1. A fantastic risk reward if the idea is correct.
Target: could be the previous bottom or further by using Fibo extention (if you are a high risk taker).
1. AUDCAD is in the current down momentum
2. A good pin bar signal appeared at the vital resistance level of the current momentum
3. The volume of the signal was good - higher than previous candles as well as average 20 periods
THREAT:
1. The signal is on the H4 timeframe, which is a weaker signal than on daily or weekly chart.
Opportunity:
1. A fantastic risk reward if the idea is correct.
Target: could be the previous bottom or further by using Fibo extention (if you are a high risk taker).