AUDCAD buy 1 & 2 hit

7 Kas 2019

So im looking for another move up. We are holding support at a very important level on the 4H. I see us going up another level to 127 or 161 fib ext.

Intraday traders risk trade here
Fakeout entries and a good pullback to pickup orders between the impulse space is still possible so buyers are watching and sitting at the breakout point.

We have a bullish flat pennant. INV head n shoulder inside a 3 - 5 higher "W" leg formation and a 4H impulse right this second trying for the 3rd time to break the intraday buyers point of watch. We also have divergence on 4HR frame going into bullish stochastic. The tighter and more slim the ABCD move the faster we lose momentum. The wider and more consolidation the more strength there is built for the pivot move that happens.

I am bullish to the sell zone and bearish when we get there. I am bullish longterm AUD any chance I can. :)

Thoughts? Simple analysis and quick for everyone to see and view.

Much love. Trade safely. Manage Risk as always!

Comment / Like / Support please

7 Kas 2019

Not

please refer to related ideas from prev. buy ideas and how it was observed. If you have questions please comment below :)