W33 - EURNZD dr 145

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 NZD: sell this currency
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WEEKLY:

Good initial bullish move. Large sequence activated, reacted at both correction levels.

2h:

Opposite correction level active. Not too much bearish structure.

30m:

Target reached, potential for correction.
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WHAT DO WE WANT?
We'd like a reentry at the correction level and as little as possible bearish structures on the way. Our sequence is completely impulsive, so we expect it to turn.
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DECISIONS
risk vs. profit: (-- / - / 0 / + / ++): +

We decide to enter the market long on the second level of the correction area, since the market turned there before (point A).
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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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