W33 - EURUSD dr 92

OVERVIEW

equal in:

• EURAUD
  
• EURCAD

weakness of EUR in:

• EURCHF
  
• EURJPY
  
• EURNZD
  
• EURUSD

strength of EUR in:

• EURGBP

OVERALL FOCUS ON EUR: buy this currency
OVERALL FOCUS ON USD: sell this currency
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WEEKLY:

DAILY:

2h:
A lot of bullish force. Completely impulsive.

30m:
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WHAT DO WE WANT?
We need EURUSD to drop. 1200 pip strong uncorrected rally upwards. We can decide to buy it right now, which is a bit risky, since it reached the target levels of the priary sequence and also we're currently at the most attractive correction levels of the opposite correction area.
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DECISIONS
risk vs. profit: (-- / - / 0 / + / ++): -

The sequence overextended. It is possible that they want to fill short orders at the top of the pink correction area. So we can decide if we want to trade this correction area or wait until it drops to the primary correction area.
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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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