TimStuyts
Short

EURUSD sell the continuation

FX:EURUSD   Euro/U.S. Dollar
301 6 7
The EURUSD             is moving lower impulsively and I will therefore be looking for a consolidation to confirm this bearish trend and sell the continuation lower.

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Comment:
snapshot
you think this is maybe the start of something BIG ?
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TimStuyts glaazie
Regarding EURUSD and GBPUSD? No I think that first 'Brexit' referendum needs to be out of the way. Only after that I think the market will be able to complete these corrective patterns on higher time frames.
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glaazie PRO TimStuyts
the corrective pattern on the daily EURUSD is not complete ?
the daily close of the candle for the wave A is equal lenght of the wick of the C wave
or you think there wil be much more corrective patterns

how is your website doing it was online for a short period of time :)
Reply
TimStuyts glaazie
Yes it was online for a day but that was a mistake of the webdesigner. Hopefully next week. I'm not saying the correction is not complete, it can be but bearish moves can be erased easily in the short term. So take it step by step on lower time frames, however the 'Brexit' scenario is what will influence the market. A likely wave relation is only a guideline and not enough to say something is over. There are many corrective combinations possible so keep an open mind.
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already in the sell i had the same setup as you it caught my eye when it broke the uptrend line
Reply
TimStuyts glaazie
Very well, great job! I'm short GBPUSD after that last spike above 1.47 as posted earlier this week. So had to follow my risk management rules and had to wait with EURUSD untill GBPUSD was risk free. Nevertheless EURUSD might be consolidating soon for a great trade set-up with NFP tomorrow on the agenda.
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