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:
Loooooots of potential for correction. Good initial bullish movement already, emerging from the ATL.
2h:
Correction should be finished soon to climb to the target levels of the primary sequence (red) in order to drop to its correction levels.
30m:
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WHAT DO WE WANT?
The secondary sequence (blue) is made of an impulsive A & B and an extremely corrective C. We should bear in mind that we're almost at the ATL and there is still such a high pressure from the shorters. After an initial (failed) try it took the bulls 36 days to finish the sequence. As proposed on my last idea on this pair, the bulls would fail to reach the target levels from the new sequence (violet) because of the turning area. Same scenario here, impulsive A & B and an extremely corrective C. The internal sequence in yellow shows us impulsivity and, because of these properties, a failed attempt to break through the turning area. What we need is more bullish structure for the internal sequence to be able to reach the target levels. Hopefully a smaller internal sequence which just reaches over orange.
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DECISIONS
risk vs. profit: (-- / - / 0 / + / ++): +
We have 2 options. 1) We can go long now or 2) We can wait for a more bullish structure, at best in the form of a smaller sequence to help the failed sequences go beyond the turning area. Most likely it will be a long fight in the blue turning area until it spikes up.
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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.
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Thanks for reading!
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?
The secondary sequence (blue) is made of an impulsive A & B and an extremely corrective C. We should bear in mind that we're almost at the ATL and there is still such a high pressure from the shorters. After an initial (failed) try it took the bulls 36 days to finish the sequence. As proposed on my last idea on this pair, the bulls would fail to reach the target levels from the new sequence (violet) because of the turning area. Same scenario here, impulsive A & B and an extremely corrective C. The internal sequence in yellow shows us impulsivity and, because of these properties, a failed attempt to break through the turning area. What we need is more bullish structure for the internal sequence to be able to reach the target levels. Hopefully a smaller internal sequence which just reaches over orange.
*********************************************************************************************************************************************************************************
DECISIONS
risk vs. profit: (-- / - / 0 / + / ++): +
We have 2 options. 1) We can go long now or 2) We can wait for a more bullish structure, at best in the form of a smaller sequence to help the failed sequences go beyond the turning area. Most likely it will be a long fight in the blue turning area until it spikes up.
*********************************************************************************************************************************************************************************
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.
*********************************************************************************************************************************************************************************
Thanks for reading!
