TimStuyts

TimStuyts Updated 

The EURCAD is moving as we anticipated (for context see previous post below) I slightly changed the wave count but the overall plan remains the same. I'm looking for that wave C (or 3) higher of larger degree ever since we saw the first impulse higher (counted as either wave A or 1). The 1 hour time frame shows a potential entry by means of the minor impulse...

TimStuyts Updated 

For my previous post and context see link below: Wave 4 corrected more than anticipated at first but the characteristics are pointing to a high to be in place. At least short term. What I mean by that is that either way I expect another leg lower after a consolidation. So I'll be waiting for a consolidation to sell the bearish continuation for either wave C or...

TimStuyts

For my bigger picture regarding EURUSD see link below: I'm looking for a confirmation that wave B is in place for a move towards 1.08-1.075. I'll therefore be looking for a consolidation to sell the continuation. For now I'm looking for 5 waves lower so don't worry if you are not short yet because the real impulse has yet to come. Or not but then we simply...

TimStuyts Updated 

The bigger picture for USDJPY has not changed but short term I'm looking for a bullish leg of lesser degree towards 108.30. This trade set-up is relatively easy, if we see the bullish continuation I'm a buyer for a potential wave C or 3 higher. If we move lower I let it go for now. Either way updates will follow because the real trade has yet to come in terms of...

TimStuyts Updated 

I didn't update NZDUSD for months but my outlook of 3 months ago hasn't changed yet. For that post see link below. I will be looking for a consolidation on lower time frames before buying NZDUSD. (comparable to AUDUSD and GBPUSD update of today) Updates will follow once the consolidation is in progress. www.timstuyts.com www.facebook.com www.youtube.com

TimStuyts

With the bearish move this week I'm looking for another leg lower of lesser degree to show us 5 waves for what might be the wave C of wave B (in red). The correction is in a complex combination and therefore several possibilities can not be excluded yet. Nevertheless I counted an expanded triangle for wave A in red which is very uncommon but valid. Updates will...

TimStuyts Updated 

For my previous posts and context see below: I really like this pair and am looking for the perfect buy set-up. First of all I'm looking for the confirmation of wave V to be in progress by means of a 5 wave pattern lower on the 1 hour time frame. Then I'll be looking for 3 potential targets for wave 2 or B to end, but once price action shows more data it will...

TimStuyts Updated 

A few weeks ago I updated EURJPY for the last time, it looks tempting to start looking for buy's but the reason why I wasn't posting is the fact that I miss a few variables that should indicate that the Impulse towards 150 is about to start. It still can turn bullish off course however I favor my long term analyses for now until proven otherwise. My targets are...

TimStuyts Updated 

I used a pending short for the USDCAD this afternoon but was not able to post it prior to NFP. However there will be another sell trade opportunity for those that aren't short yet. I showed an indicative wave count but key is that I will be looking for a bottom around 1.275. It is unclear yet for me whether this will be a 3 wave structure or 5 wave structure....

TimStuyts Updated 

I still favor another high for GBPUSD although we saw a strong reversal after last weeks exit polls.Short term we have to deal with a bullish impulse after last weeks NFP data, therefore we should be looking for an easy and safe trade set-up. I will be watching for a minor consolidation (comparable to my AUDUSD update of today) and buy the continuation. Stop loss...

TimStuyts

EURGBP made an impulse higher by means of 5 waves (red count). This will therefore present a nice trading opportunity for next week. We need to let price settle and consolidate before we buy the continuation which could either be a wave 3 or wave C. I will update this pair next week once the consolidation starts so we can pinpoint an...

TimStuyts Updated 

For my long term outlook of the end of last year see link below: I believe we are currently correcting the first impulse of a new bullish cycle. I will therefore be looking to add to my long term long positions. Price is closing in on the '16' area which might trigger the reversal. However it is too soon to tell whether the whole consolidation is already over or...

TimStuyts Updated 

I was already long this pair from the post of 3 weeks ago. However my minimum target did not get hit which was the previous high at 1.4826. I therefore got stopped out at break-even. This is not an issue because I still am looking for the structure to complete and this will provide another buy opportunity. I'll be looking for a minor consolidation to buy the...

TimStuyts Updated 

I updated EURAUD several times lately and for context see below: However I don't like the price action in all Euro pairs up to the ECB press conference (bullish moves during today's London session). I trade structure and most Euro pairs show me an overall bearish bias besides EURAUD at the moment. So I took another look and I think that this consolidation is...

TimStuyts Updated 

I have been shorting GBPAUD along with GBPNZD last week (I posted GBPNZD on TV). However the last few day's we see a lot of analyses on TV telling that the bearish continuation is about to start. This can very well be the case, but breaking trend lines means nothing. If you understand the market dynamic and where price movements really come from, you understand...

TimStuyts Updated 

USDJPY is getting very interesting but I think that the Yen strength is not over yet. The wave count is not pretty and that's why I will be open to adjust once I see a bullish acceleration. However based on market dynamic and the characteristics of this pair I really like to see at least one more new low that breaks below 1.055. The 1 hour time frame however shows...

TimStuyts Updated 

For my bigger picture view see link below: I'll be looking for a wave B consolidation next week towards 1.13 ideally and then sell the continuation towards 1.08. Updates will follow. www.timstuyts.com www.facebook.com www.youtube.com

TimStuyts Updated 

EURAUD is very interesting and I'm looking for a wave C higher on the daily time frame. Short term I would like to buy the continuation and see whether it breaks bullish from here. However I think that a triangle scenario is very likely which indicates that we will see another bearish leg first. First things first which is a potential bullish...