TimStuyts

TimStuyts Updated 

Due to what we saw for the last couple of weeks in terms of structure I start to believe that we might see more dollar weakness instead of a trend continuation. My view for AUDUSD is biased long for a very long period of time already, my bias for USDCAD is short for a long period of time. I realize that more than 50% of the dollar index comes from EURUSD and this...

TimStuyts

A month ago I made a post about buying EURUSD out of support. Support and resistance is where orders are lining up and whether you call it support or resistance or a balance of forces or call it anything you like, it is there. And everyone who has seen an order book in real life due to his profession or for whatever reason for that matter understand what I mean....

TimStuyts Updated 

US oil is in a somewhat complex pattern because the patterns of lesser degree don't line up for a clear move. My bigger picture hasn't changed yet and although not many would agree with me I'll consider that scenario as very likely until proven otherwise. This is based on the fact that I believe that Oil needs to correct the manipulation we saw during the QE's in...

TimStuyts Updated 

I believe that GBPUSD is about to bottom and reversel towards at least 1.34 and likely even higher. However let's see whether the market confirms it. I'm not interested in the sell. Only if we clearly break lower and consolidate by means of a flag pattern I will consider selling GBPUSD. On the other hand if we reverse I will be looking to buy the continuation in...

TimStuyts

For next weeks trading session I will be looking for a bullish break in the EURUSD. Depending on whether the bullish break will happen and on how far price will go I will determine whether the triangle scenario is still valid or not.

TimStuyts Updated 

I like to see a deeper retrace for GBPJPY before the bearish continuation should take over. Price moves very sideways and seems like it is extending lower instead of making a bearish impulse. I therefore see two scenario's as most likely for the short term. First of all a triangle correction where wave D might be completed. Or an ABC where wave B is completed. I...

TimStuyts Updated 

I've been posting about the NZDUSD a lot lately and the shorts worked out good. However I can't emphasize enough that we are in an ending structure and that can extent many times. So keep an open mind at all times. We are seeing a classical reversal pattern and what's most important is that the 'third' leg lower after the first consolidation only made a slightly...

TimStuyts Updated 

In my last post about AUDCAD I wrote" 'The short trade I called yesterday is working out great. However this doesn't look good to me yet for a bearish break out of the channel. Manage the short closely next week and don't be surprised if we see another leg higher.' I believe we are in an expanding flat correction but it is too soon to tell, what looks obvious to...

TimStuyts

As mentioned before I'm looking for 0.81 longer term for a very long time already. To me the move lower was corrective (ABC) and we might see a more complex corrective combination which indicates another leg lower for wave Y. In that case I will be looking for the bearish price action as shown by means of the bearish arrows. OR I will be looking for a break which...

TimStuyts

I'm looking for a sell trade for AUDUSD, price is extending and made a minor impulse lower from the 0.768 high. Once this pullback settles I'll be looking to sell the continuation. Stop will be above the top of the consolidation which is currently in progress. Keep in mind that this is a trade set-up and not a trade call. It is an IF=THEN scenario. Safe trades.

TimStuyts

Yesterday I updated EURGBP and mentioned that I expected a reversal although it could make another high for wave 5. See link below for that post: I think we still need that fifth wave higher but by means of this chart I'll try to show a trade example so you guy's might be able to better understand what I look for once I post an analyses. I'm very conservative...

TimStuyts

I believe that the correction on the daily time frame for GBPUSD isn't over yet. I will therefore be looking for a spike or move lower for GBPUSD first and then buy the reversal. If we don't see that happen I simply let it go and wait for the next high probability trade set-up. Selling out of this zone is just too risky for me and structure suggests a reversal to...

TimStuyts

I still believe that this pair is in need of another leg lower. However short term we saw a buy continuation trade for what might be wave 5 of wave C. IF we see a bearish break I will be looking for a consolidation and sell the continuation.

TimStuyts

For those who follow me for a longer period of time might remember me calling 0.81 to be fair value for AUDUSD according to my analysis. I think both technicals by means of structure as fundamentals suggest that this correction on the daily time frame is not over yet. First let's have a look at the weekly chart for context: Focusing on wave C on tells us several...

TimStuyts Updated 

3 weeks ago I published my bearish projection for AUDNZD where wave 5 was not in place yet for wave C of wave B. We now got the confirmation by means of the break below 1.03. The bigger picture won't change as long as the bottom for wave 1 holds at 1.00235. www.timstuyts.com

TimStuyts Updated 

I haven't been trading AUDCAD for a while but the structure looks just too good to pass on. I expect another leg lower for a wave C. Nevertheless we have to be careful because all CAD pairs are in major consolidations and we should not enter too soon because so far all lookalike bearish impulses reversed and made a new high within the correction. Therefore the...

TimStuyts Updated 

It seems that the S&P500 is in the early stages of an ending diagonal. Once that is complete we will see a massive sell off in the S&P500. The dollar will gain strength no matter what the FED decides. The price will do what it has to do and we can only manipulate so much. However I think the top is not in place yet for the S&P500. Short term I will be looking for...

TimStuyts

Thhose who are with me in the NZDUSD sell trade, enjoy your profits. This was a great example on how to enter a trade based on ratio and structure. Just remember that we are looking for a major reversal on the daily time frame by means of an ending diagonal structure. An ending diagonal goes hand in hand with ABC zigzag corrections. So manage your trade closely...