TimStuyts

TimStuyts

The Short trade for USDJPY worked out perfectly, we saw the short term buy at the beginning of the week for the completion of wave C followed by an impulsive wave C lower. For context of that trade see link below: Although we saw a strong move lower yesterday, the lower time frames like the 15 min still suggest that this is only a correction and not a potential...

TimStuyts Updated 

The CADCHF is breaking out a corrective structure and we should be looking for sell trades towards 0.74 and 0.725 and possibly even lower. The USDCAD was and still is an absolute winner and should help give you some context. See link below: www.timstuyts.com www.facebook.com

TimStuyts Updated 

The EURCAD is in a complex correction so we have to focus on the main characteristics. We see many overlaps which is almost always a corrective sign, with 7 waves and 7 is an extension of 3 which is a corrective count. We also saw this happening after a bullish impulse which I counted as a wave A. Therefore I still like to see a move higher to test 1.49. However...

TimStuyts Updated 

For my previous post and context see link below: Due to the fact that the lower time frames show a bearish impulse we might have to keep in mind that wave B in red might not be in place yet. Short term I'm looking for a consolidation on the lower time frames for a potential sell trade. If we see a strong reversal then we have to adjust and wait for the bullish...

TimStuyts Updated 

It seems like crude oil is finding a bottom within the 44 zone. Both the wave count shown by means of the ABC in blue as the wave count of lesser degree suggests a likely reversal out of the zone shown by means of the green horizontal lines. It is unclear to say whether this is only the beginning of a bigger correction or whether the whole correction is close to...

TimStuyts

For context see link below: I'm either looking for a consolidation and then sell, this might be the start of a wave 3 lower but we have to determine that later. Or I'm looking for a bullish reversal, let it settle and buy the continuation. updates will follow. www.timstuyts.com www.facebook.com www.youtube.com

TimStuyts Updated 

About a month ago we called a top or price being close to the top for what I count as wave Y. For context see link below. The higher time frames show a clear consolidation and as a result of that only 2 major structure lines are significant. All other lines you draw can be used but are not significant in this trading environment of RBNZ about to cut their rates...

TimStuyts Updated 

For context please see link below since this is only 1 of the 2 scenario's I see as relevant and as highly probable. Key to understand is that I favor a triangle correction on the daily that so far shows 3 waves o lesser degree for wave A, B and C. This suggest that we are looking at a 3-3-3-3-3 triangle structure. Add to that the fact that the 4 hour time...

TimStuyts Updated 

For my previous post and context see link below: I had another look at USDCAD and I simply don't like the correction to be over at the moment due to several characteristics. So I made two scenario's where I prefer the bullish one for now because I really like to see 1.34ish tested before it should be ready to go down again. This analysis and wave count can be...

TimStuyts Updated 

We are doing great with our AUDNZD buy with a high potential of testing 1.15 and likely even 1.18. Nevertheless we have to focus on what's in front of us and for context see link below: We saw the start of a projected correction on Friday after the first bullish impulse from 1.031 and I really like to see a retest of 1.0550 zone before we see the third leg...

TimStuyts Updated 

Guy's for context of all my previous posts regarding this pair see links below. I decided to prepare a new post for this pair to clean it up so it might be easier to see what we are looking for in terms of buying AUDNZD. Key to understand is that I'm looking for either a wave 3 or C higher which means that we need to see a bullish 5 wave structure. These 5 waves...

TimStuyts Updated 

I'm looking for something comparable as for a potential buy for GBPUSD. We really have to keep in mind what drives the Pound more than anything, which is fear as a result of Brexit. So I'm conservative and not guesstimating too much when it comes to longer term wave count on lower time frames because there are simply too many options on the table to share a high...

TimStuyts Updated 

I have 2 possible wave counts at the moment for the daily structure in USDJPY. Either way I like to see a last minor leg higher to test 106 before we will see either a significant retrace or reversal for a new low. Alternative wave count: This wave count suggest that we should see an new bullish impulse that eventually will take out 126. The other scenario is...

TimStuyts Updated 

The weekly time frame shows my preferred wave count for this bullish momentum. I just want to point out that the arrows are indicative, nevertheless these lines are drawn for a reason and I like to see them become reality. I'm bullish in the short and medium term until proven otherwise. The 4 hour time frame shows a corrective pattern and I'll therefore be...

TimStuyts Updated 

For my previous post and context about the GBPUSD see link below: I consider the current price action to be a consolidation of the last bearish impulse. This correction unfolds in the shape of a Flat correction and I therefore don't expect wave C to retrace a lot more than then the length of wave A. This is not written in stone and only a guideline but something...

TimStuyts Updated 

About 2 months ago I mentioned my first long term target at 120 which was followed by the targets at 117 and 112 that I mentioned about a month ago. Now I will be looking for either one more leg lower or a bullish reversal. On the lower time frames we see a clear impulse higher and I'll be looking for the consolidation to buy EURJPY. If we won't see that happen...

TimStuyts Updated 

Since I'm posting about EURUSD and AUDUSD today let's have a look at our long term trade plan for EURAUD as well. (EURNZD will follow later today). For my previous post and context see link below: I still count the move on the daily time frame as a triangle consolidation. I'm therefore looking for a bullish reversal on lower time frames until proven otherwise...

TimStuyts Updated 

The bigger picture for EURUSD hasn't changed yet and moved accordingly on the lower time frames.I like to see a leg higher for wave 'b' before selling the third leg lower for wave 'D' of the triangle of higher degree. The 50% Fib level is by far the most important ratio for the EURUSD and we should therefore use this in our advantage. I will be looking for a...