W33 - AUDUSD dr 82

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
OVERALL FOCUS ON USD: sell this currency
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WEEKLY:
Target level reached, nice inital bullish reaction.

2h:
Target level reached, potential for correction. No active bearish structure and nothing for us to do here except for waiting.
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DECISIONS
risk vs. profit: (-- / - / 0 / + / ++):

For now we can only wait for either more bearish structure, which would yield some reentries, or for it to reach the whole correction level.
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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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