OVERVIEW
equal in: EURAUD
weakness of AUD in: AUDCHF, AUDJPY, AUDNZD, AUDUSD
strength of AUD in: AUDCAD, GBPAUD
OVERALL FOCUS ON AUD: buy this currency
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WEEKLY:
Primary downtarget reached, we can continue the course to the south.
2h:
Sequence target reached. High potential for a correction
30m:
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WHAT DO WE WANT?
It would be to our advantage, if the blue turning area is strong enough. We got some wiggle room with the stop loss, which incorporates the target levels of the primary sequence and the first 2 target levels of the internal sequence. Price level is high, so we wanna short it, but there is lots of bullish structure (see also 2h) and no active bearish structure. Best case would be for the sequence to rise up to the first target levels of the internal sequence where short orders could be filled, so it can finally drop below the orange rectangle and activate a bigger bearish sequence, which would be the first significant bearish structure. I'm not quite optimistic, hence the entry at the higher levels of blue. And as the title implies, it's just a solution to hedge AUD pairs.
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DECISIONS
risk vs. profit (-- / - / 0 / + / ++): -
For now we can only wait for more bearish structure and see how it develops. If it starts building a new sequence in the whole correction area with the target levels above orange, this could mean that a short order isn't the wisest decision.
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Neither the analysis described here, nor my updates are financial advice and should not be treated as such. They merely represent my ideas by applying the system I learnt from Stefan Kassing and are my interpretation of the system with certain tweaks.
*********************************************************************************************************************************************************************************
I hope you enjoyed it!
equal in: EURAUD
weakness of AUD in: AUDCHF, AUDJPY, AUDNZD, AUDUSD
strength of AUD in: AUDCAD, GBPAUD
OVERALL FOCUS ON AUD: buy this currency
*********************************************************************************************************************************************************************************
WEEKLY:
2h:
30m:
WHAT DO WE WANT?
It would be to our advantage, if the blue turning area is strong enough. We got some wiggle room with the stop loss, which incorporates the target levels of the primary sequence and the first 2 target levels of the internal sequence. Price level is high, so we wanna short it, but there is lots of bullish structure (see also 2h) and no active bearish structure. Best case would be for the sequence to rise up to the first target levels of the internal sequence where short orders could be filled, so it can finally drop below the orange rectangle and activate a bigger bearish sequence, which would be the first significant bearish structure. I'm not quite optimistic, hence the entry at the higher levels of blue. And as the title implies, it's just a solution to hedge AUD pairs.
*********************************************************************************************************************************************************************************
DECISIONS
risk vs. profit (-- / - / 0 / + / ++): -
For now we can only wait for more bearish structure and see how it develops. If it starts building a new sequence in the whole correction area with the target levels above orange, this could mean that a short order isn't the wisest decision.
*********************************************************************************************************************************************************************************
Neither the analysis described here, nor my updates are financial advice and should not be treated as such. They merely represent my ideas by applying the system I learnt from Stefan Kassing and are my interpretation of the system with certain tweaks.
*********************************************************************************************************************************************************************************
I hope you enjoyed it!
