Correction ending in AUDCAD?

FX:AUDCAD   Australian Dollar/Canadian Dollar
Firstly I would like to highlight the 1.00000 price level! This is a significant level in my analysis because it's a psychological price level and this level was rejected for 9 consecutive days, (these rejects are in the form of pin bars). Due to this, I have a bearish sentiment and as I further analysed the chart I realized that the general prominent trend is bearish . With that in mind I set out to confine the downtrend below a trend-line which I managed to do, but this confinement was broken. Despite this I cannot confirm nor deny the probability of a reversal occurring, but the fact that price is rejecting the psychological level of 1.00000, I decided to see how price relates to the Fibonacci and it came to be that price retraced of the 0.5 fib level, so this further fueled my bearish sentiment, now all I am waiting for is a cross of my MA's then I enter a sell
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