AUDCHF BUY ACTIVE

2019-11-08 02:11:34

If we create a bullish flag we are heading to angular level 3

There are so many options right now after this impulse but there is 1 for sure thing..

Thats a nice bullish impulse :)
Theres a pinch point which means we can fall again making a possible 3 bullish drives. If this happens it will ...

1. Stop at the solid black line level 2 @ .6650
2. Fall and stop below the last vector curve @ .6650 but above the blue support line and noise area at level 1 and we will go much higher after a solid pullback
3. Wammie from here to 161% ext where we are looking for sell pressure to be around 127 - 161 for a pullback corrective move or reversal.

Technicals show-----

Angular black channel is to show rising angular fibs

Purple angular channel is to show angular fib exhaustion

Horizontal thick lines represent train stations for us. Station/Level 1 2 3 4 etc etc whatever you wanna call it or represent it as that helps you analyze and plan. I like to call them levels and bus/train stations.

Red eye - look for sell signals
Blue eye - look for buy signals
Orange eye - caution and observation