TimStuyts

TimStuyts Updated 

6 days ago I posted my AUDCAD analysis for a move lower followed by a move higher. See post below: This is based on how wave structure works and if you like it follow me for instant notifications. Short term we should be looking for either another consolidation/flag pattern followed by another buy opportunity. Or a bearish acceleration followed by a...

TimStuyts Updated 

GBPUSD seems to be making another corrective leg higher. I like to see a consolidation after the bullish response of yesterday. Buying after a consolidation is what I like to do. The confluence zone based on the sell off and wave A of this correction around psychological level 1.30 seems to be a nice target. But that's too soon to tell at the moment. Updates will follow.

TimStuyts Updated 

EURGBP is unfolding in a complex structure. We see many overlaps which might indicate a correction is in progress. However I like another scenario, a scenario where wave 4 (daily chart) is in place just below 0.84. The overlaps might show the start of wave 5 by means of a leading diagonal. It is too soon to tell but several characteristics point into that...

TimStuyts

According to my analysis; Crude Oil 0.41% needs to correct by means of at least one more leg lower towards 47.6. Before we will see the bullish reversal towards 59.

TimStuyts Updated 

I like to see another leg lower for wave (c) of wave b for AUDCAD. Once wave 'b' is in place I like to buy AUDCAD for a move towards at least above 0.9757.

TimStuyts

Happy New Year to all of you! A new year full of new trading opportunities! The US indices seem to be close to ending a bull rally that started in 2009. This bull rally has been counted as a wave 5 impulse. We saw another minor rally after the US elections which was driven by financials. I won't go into politics but to me the sell off in US stocks and the dollar...

TimStuyts Updated 

We were looking for a slightly higher high before the bearish reversal for wave 'C'. It is an IF=THEN process so when the plan works out to the pip, one trade will be enough to make your month by means of a risk/reward trade of at least 10/1. Nevertheless I still think AUDUSD will reverse bullish once wave C is in place for a third leg higher of larger degree. It...

TimStuyts

For my bigger picture analysis and context see link below: This post is only a short term update because AUDCAD might be lagging to the USDCAD. The pattern on the 4 hour time frame suggests a possible bullish reversal. This pair is interesting to me due to the additional context it provides to my USDCAD and AUDUSD analyses. In terms of trading we have to keep...

TimStuyts

USDCAD is making a last leg higher to complete a complex corrective combination by means of an WXYXZ pattern. We might see one significant consolidation before the final move higher. This would give us the opportunity to buy USDCAD once again. Nevertheless the main trade has yet to come which will be sell trade once wave 'Z' is in place. For my previous post and...

TimStuyts Updated 

AUDNZD is taking its time but I still consider it to be a consolidation and am anticipating a move higher. I showed two scenario's by means of the arrows. Key will be as always, to see a first bullish impulse break the structure of lesser degree followed by a consolidation so we can trade the continuation.

TimStuyts Updated 

The EURUSD makes a very comparable move with the previous attempt to break long term lows at 1.045 zone. Due to the bullish impulse on lower time frames I will be looking for a bull flag and buy continuation trade.

TimStuyts Updated 

It seems like AUDUSD needs another leg lower for wave C on the daily time frame. Once that leg is in place we might see an amazing buy trade opportunity. Lower time frame structure will suggest what to expect in the short term.

TimStuyts Updated 

EURGBP made a long waited for correction from the October highs. We might have seen the bottom for an ABC correction by means of an ending diagonal for wave 'v'. For this ending diagonal to be valid according to the Elliott Wave Principle price is not allowed to break below the horizontal dotted line. If it does this doesn't mean price can't reverse any time soon,...

TimStuyts Updated 

USDCHF is finally correcting but so far not impulsively enough for me. This current leg should take out 1.0066 before making a consolidation. If it doesn't do that by means of the current bearish leg the odds are that USDCHF will reverse to make a new high. So my plan will be to wait and see whether this break below 1.0066 happens. If it does I'll wait for a...

TimStuyts Updated 

Guy's have a look at my previous post before reading this one so we all understand the context of this set-up: It seems like the bearish trend continuation is in its early stages. I'm short USDCAD since US election night and I am looking to add to my shorts. This move lower won't go in a straight line but the fact that we might have seen a major reversal helps us...

TimStuyts Updated 

The EURAUD might present a buy opportunity soon for at least a third leg lower. This might be the beginning of a bigger reversal towards a move above 1.449 but that's too soon to tell. Wait for confirmation and trade with a stop. Safe trades

TimStuyts Updated 

I'm looking for a perfect sell set-up for USDCHF. I might miss the sell but that's okay, if price does what I want for a sell trade trigger I know that all variables are in my favor. I therefore look for minor move higher without taking out previous high. Then I like to see the bearish move. Remember this is an IF=THEN process and I can't post this when the move...

TimStuyts Updated 

EURCAD is moving lower in an impulse and we simply have to wait for consolidations before selling the continuation. It is very likely that price will show a response to previous lows for either wave '5' or 'b'. I wouldn't advise to buy from those levels (or it is on lower time frames for scalpers after an impulse/consolidation of lesser degree) but wait for a...