TimStuyts

TimStuyts Updated 

The AUDUSD is correcting a five years bear trend which can be seen on the weekly time frame. A few months ago I showed 0.81 as likely target for this correction on the weekly time frame. According to my analysis 0.81 is the long term fair value for this pair, this doesn't mean that price needs to test this level from here but it would be ideal for longer term...

TimStuyts Updated 

The target zone we were looking for around 0.72 has been hit and now I will be looking for the bearish reversal. For context and previous buy trade see link below: I'm looking for wave C to complete and on the daily time frame we see the first attempt to move lower, however this move has been followed by a retrace of 50% already. Therefore I like to let the...

TimStuyts Updated 

I adjusted my wave count for Silver. The lower time frames suggest that there is more room to the upside and buying Silver after minor retraces seems like a good idea. However medium term I see a wave 4 correction lower before the longer term bullish move will continue. Updates will follow www.timstuyts.com www.facebook.com

TimStuyts Updated 

I updated AUDUSD this week several times for a sell opportunity. This morning I mentioned that I was looking for another leg higher to complete a 3 wave correction. However we saw a leg lower and as a result of that I don't like the structure at the moment because now we also have 3 legs lower on lower time frames. For my original post see below: So I decided to...

TimStuyts Updated 

We are pretty much on top of this pair since the consolidation started. Be careful not to buy to soon. I like to see another leg lower before the major reversal. For previous post and context see link below. updates will follow www.timstuyts.com www.facebook.com www.youtube.com

TimStuyts

I'm looking for a day trade opportunity in the EURUSD as well as the dollar index which is a weighted index and EURUSD is the biggest factor. Both are testing significant lows and highs and if we see a structure continuation out f these zones we have a high probability trade set-up. Targets are 97 and 1.08 respectively. If we continue in this consolidation I let...

TimStuyts Updated 

Today we have the vote in the UK and I just want to point out that IF the UK decides to remain in the EU nothing changes and the bullish response that might follow will be a relief rally and nothing more besides a good way for top traders to sell the high. IF the UK decides to leave the EU it is open season and we will go down fast. In terms of wave count we see a...

TimStuyts Updated 

I still follow my long term wave count although there are several opportunities to count the current consolidation on the daily time frame. I believe that this pair is in a triangle consolidation for a wave B which will be followed by a bearish break towards parity and even lower. The 4 hour time frame shows the structure of lesser degree to create this...

TimStuyts

I only posted once a EURNZD chart but I believe that this pair will give us some nice trading opportunities in the near future. I'm looking for an ABC correction with wave C currently in progress. We are testing the low for what I counted to be the low for wave A. For the support/resistance traders; we either see a bounce (probably short lived) or a break, in...

TimStuyts

For my previous posts and context see link below: Short term we might see a continuation of the current bearish move within the corrective combination on 4hr time frame. The 1 hour time frame will give us the first sign whether or not the consolidation is ending. Comparable to USDCAD I like to see a first impulse higher of lesser degree and then start buying...

TimStuyts

For my previous posts and context see below: This pair is still in a consolidation by means of a corrective combination which might be close to its end or make a last attempt to test 1.2550. Nevertheless the 1 hour time frame will give us the first warning when the reversal is taking place. The current leg lower seems corrective but this might very well be the...

TimStuyts

For those who want to take part in the likely volatility due to the Brexit referendum I would suggest to trade EURGBP. Because in case of a no-vote the fundamentals for UK are still better than EU (not than US for example which makes the potential relief rally less rational against the Dollar) and maybe even more importantly the higher time frame structure still...

TimStuyts Updated 

AUDJPY is comparable to EURJPY and USDJPY for that matter. However short term we have to deal with strong bearish movements that will present sell opportunities on lower time frames after a consolidation. The wave count is indicative (orange) but for now this is my preferred scenario. Updates will follow for trade set-ups on lower time...

TimStuyts Updated 

As posted in my previous posts I'm bullish for Silver longer term. However I'm not so certain that the correction is already over and there are mixed signs regarding the recent bullish move from 15.80 area. I therefore will sell the possible bearish break IF we don't take out the recent high at 17.47 first. If it takes out the high the whole process starts all...

TimStuyts Updated 

I don't like the structure for the Euro at the moment. For my previous post and context see below: However short term I will adjust when necessary. Have a look at my view for the dollar index for context and my short term bias. I will monitor both instruments but I like to see a reversal for a buy of the EURUSD and sell of the Dollar index. Dollar index might...

TimStuyts

Several months ago I mentioned why EURJPY was going for 120 and 117 and maybe even 112. Today we saw price reach 117 and it becomes very interesting to start looking for reversal signs from now on. I will update EURJPY by means of this post so follow me for updates. Previous post and context see below: www.timstuyts.com www.facebook.com www.youtube.com

TimStuyts Updated 

For my previous post regarding USOil see link below: I was looking for that last extension to finish and played the short set-up aggressively because of my overall view which I explained in the previous post. My stop loss is above the recent high and once (IF) we see a consolidation I will be looking to sell the continuation once more, after the bearish...

TimStuyts Updated 

When focusing on the dollar index we see a clear consolidation which might be over at the moment OR in need of at least 4 more waves. Since we see a consolidation I'm looking for certain clues that tell me whether the trend might continue or not. I count 15 leading waves, 15 is an extension of 3 if you count the waves of lesser degree you find 35 waves, 35 is also...