OVERVIEW
equal in:
weakness of AUD in:
strength of AUD in:
OVERALL FOCUS ON AUD: buy this currency
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WEEKLY:
Target levels reached but may still be in a downtrend. The low in April 2015 didn't create any significant high, a new ATL was then created. Market could break.
2h:
A good initial movement, target levels of the sequence reached, potential for correction. Almost no active bearish structure.
30m:
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WHAT DO WE WANT?
Primary and internal sequence are both finished. There is potential for correction, but it seems to continue its rally up. With breaking out of the orange rectangle to the top it would create a new significant high - as seen in 2h. With this high a possible larger bearish sequence would be destroyed, increasing our chances when we want to go long.
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DECISIONS
risk vs. profit: (-- / - / 0 / + / ++): +
There are 2 options. We can go long on the pink whole correction level, which is a bit riskier, or we can go long on the blue correction level. If we decide to trade the pink correction level, we have to keep in mind that the primary sequence is also finished and it can drop farther. But: The daily range is only 60, so there is more potential for the bulls and bears to fight, because more sessions (and more interests) are involved to push it into a certain direction.
We can make a compromise and enter on the lower levels of the whole correction level of our internal structure, since there could be a bearish sequence with the target levels in the same area. (Said sequence isn't activated yet.) Our stop loss incorporates the first two levels of the primary correction zone.
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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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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?
Primary and internal sequence are both finished. There is potential for correction, but it seems to continue its rally up. With breaking out of the orange rectangle to the top it would create a new significant high - as seen in 2h. With this high a possible larger bearish sequence would be destroyed, increasing our chances when we want to go long.
*********************************************************************************************************************************************************************************
DECISIONS
risk vs. profit: (-- / - / 0 / + / ++): +
There are 2 options. We can go long on the pink whole correction level, which is a bit riskier, or we can go long on the blue correction level. If we decide to trade the pink correction level, we have to keep in mind that the primary sequence is also finished and it can drop farther. But: The daily range is only 60, so there is more potential for the bulls and bears to fight, because more sessions (and more interests) are involved to push it into a certain direction.
We can make a compromise and enter on the lower levels of the whole correction level of our internal structure, since there could be a bearish sequence with the target levels in the same area. (Said sequence isn't activated yet.) Our stop loss incorporates the first two levels of the primary correction zone.
*********************************************************************************************************************************************************************************
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.
*********************************************************************************************************************************************************************************
