TimStuyts

TimStuyts

today just before the ECB press conference I posted a chart where I stated to buy the dollar index (or short EURUSD for that matter). Not only structure pointed into this direction but also ask yourself what is Draghi going to do that brings the Euro higher? We are in a deflationary environment and Central Bankers are losing control (or already lost control). We...

TimStuyts Updated 

The dollar index moved nicely and showed a trend continuation invalidation set-up. A triangle was unfolding which is a common consolidation pattern, however it broke out the other way. Therefore I'm looking for a move towards 98 again. Below you can see my previous post of a month ago and that is still valid although it is very likely that we are seeing a leading...

TimStuyts Updated 

I tried to update my previous USDJPY post where we called the short but somehow that isn't working. So as a result of that I decided to show my top down analysis since I've to create a new post anyway;-). Due to the combination of structure by means of Elliott Wave and inter market analysis I came to the conclusion that the triangle projection on the daily time...

TimStuyts Updated 

Yesterday I described that I was looking for a buy in USDCAD and what I was looking for. All variables were in place and the CAD data triggered me in the pending buy order. I will close 50% of my position when my intra day targets get hit for risk/reward of 4/1 =8% but since I close 50% it will be 4%. The rest I keep on the table and I will be looking to add once...

TimStuyts

About a month ago I called 0.81 as my ideal target for AUDUSD since to me that's fair value which needs to be tested before the next bearish impulse should start. So far price keeps extending higher and I just want to say, keep an eye on this 0.81 level. Short term I'll be looking for minor consolidations to buy the continuation. Only if we see a sharp reversal I...

TimStuyts

We might have seen the top for wave 3 just below 104.50. However this top has not been confirmed yet, so wait for this consolidation to complete and sell the continuation lower. Price looks ready for a deeper pullback but might extend higher once again so that's why we wait for confirmations. Note: the website is online and will be open for memberships...

TimStuyts Updated 

I'm looking for a major buy in AUDNZD for a long time already and I still am. We see some strong bearish moves and by means of this post I like to share my alternative scenario in case we break below 1.035. To me this only means that we can buy from lower levels towards 1.15-1.18. I count the structure on the daily time frame as a Flat correction where wave 5 of...

TimStuyts Updated 

For my previous post with first entries and context see link below: USDCAD has been good for us this summer and so far it is good for us again. We saw a 'Flat' correction with a spike lower during the speech of Yellen. This spike exactly tested the low of last month. This is one of the market dynamic aspects we have to take into consideration. Once we saw the...

TimStuyts Updated 

Have a look at my previous post for context and to see the range price will stay in until we hit 95. It is unclear to say whether we are correcting in a 'Flat' correction or a 'Triangle correction. Personally I prefer a triangle due to the way we found a bottom just below 100. For a Flat we need 5 waves for wave C and I find that hard to count so far....

TimStuyts Updated 

In my previous post I counted the NZDUSD to be in an ending diagonal and it did exactly as planned. We didn't see an impulse-consolidation-impulse which means that it can still make a new high. Nevertheless it looks impulsive again. So I will therefore be looking for a significant consolidation and then sell the continuation for a move below 0.620. www.facebook.com

TimStuyts Updated 

Yesterday I responded to another trader by means of this EU buy chart. I also posted this on my Facebook. www.facebook.com My first target got hit yesterday and this morning I added another buy at 1.1133. stops at break even, tp 2 got hit as well so let's see how far it can go. Comparable to what I wrote for NZDUSD, When dealing with these ending structures...

TimStuyts Updated 

For my short call and analysis on Oil see my previous post by means of the link below: Price broke below an important zone and I'll be looking for pullbacks by means of consolidations to sell Oil once again. In the meantime I keep my short position open. www.facebook.com

TimStuyts Updated 

About three months ago I shared my long term view for Oil towards 20 and I still favor that. I believe price is setting up a for triangle consolidation. Many might say it is too soon to tell and I have to admit that might be correct. However a triangle shows certain characteristics and often follows a certain structure. There are also many fundamental reasons to...

TimStuyts Updated 

The USDCHF is comparable to all Dollar pairs in a consolidation and I like to see another leg higher within this consolidation. The 1 hour time frame shows a potential buy opportunity but we need to wait for confirmation because price might make a new low once again. updates will follow www.facebook.com

TimStuyts Updated 

My alternative outlook for GBPUSD seems more and more reasonable so I want to warn those who are long from the previous calls. We had a good run but it just doesn't look good enough for me for that wave C higher. It still can happen but I like to have a plan B when I need one. To me that alternative scenario will be a triangle for GBPUSD comparable to EURUSD. If...

TimStuyts Updated 

I'm looking to add to my EU shorts although I like it a little higher (1.1310 ish) for a sell. I will be looking for bearish divergence sells on lower time frames. For context and the two possible scenario's see link below: (I'm looking for wave 'E' completion OR wave 'B' of wave 'D' completion) www.facebook.com

TimStuyts Updated 

We saw GBPUSD make a new low and I think that this is might give us an even better buy opportunity once wave 5 in red, C in blue and B in brown are over. I prefer to see a slightly lower low but we will see. I will be buying after a 1-2-3 reversal pattern in line with a structure break shown by means of the trend line. For wave C target I still see 1.36 as very...

TimStuyts

In my last post about EURGBP 4 days ago I wrote: Let structure show us what to do, impulse-consolidation-impulse. Ideally we see a last leg higher towards 0.873 or slightly higher To me the move lower, we saw this week, was corrective so far and therefore I expect a last attempt to move higher. My long term target is therefore also still on the table. Once we...