AUDCAD False breakout with pinbar

AUDCAD facing weekly role reversal area along with 50% Fibo level. AUDCAD at daily resistance too. We can see a spinning top and false breakout of spinning top with a pinbar formation. price move lower after false break.  If weekly candle close as engulfing candle we expect a trend reversal here.

 

weekly

AUDCAD Weekly

 

Daily

 

AUDCAD Daily