For my previous post and context see below; Price is extending with another leg higher, nevertheless this does not change the overall picture and my plan to short the USDCAD. This only shows that it is crucial to wait for confirmation the way I trade. So I will follow this pair next week because it is going to correct and I won't miss that trade...
For context have a look at my previous posts. I was looking for a wave B correction and continuation higher on lower time frames. The question is will FOMC trigger this wave C higher or will the dollar gain strength again? Whatever the case will be, I'll be looking to buy the EURUSD and if it turns bearish again I'll let it go for now. This is due to the fact...
The AUDUSD is consolidating after the break out of the triangle. Have a look for context in my previous post. I'm looking for at least a 3 wave correction for a new sell opportunity. In the ideal scenario we saw a wave A completed at 0.7060 with wave B currently in progress. Wave C should complete the correction/consolidation by means of a test of the triangle...
The GBPAUD is closing in on an important zone, I am interested in buying this pair and now I will focus on whether we see a break soon or whether we see that other leg lower first. For context read my previous post. On the 4 hour chart we see a clear consolidation where price is closing in on the resistance zone. We are either going to see a break-out bullish,...
I'm looking for a consolidation followed by a Buy opportunity for gold. First have a look at the bigger picture for context. I'm looking for a long term bottom but there is still a serious probability that this long term bottom isn't in place yet. I've counted the current move on the 4hr chart as an A-B-C where wave C is currently in progress. We have to keep...
For bigger picture and context of what I am looking at have a look at long term charts first. To start with, I plan my trades like I showed on the charts and this is not a direct trade signal, I will do that on my website when it is due next month. That's said I expect a correction for the USDCAD about to happen before we complete this weekly pattern for a...
Have a look at my previous post for context. We see a clear break lower out of the triangle and I will be waiting for the retrace or consolidation before selling the next impulse lower. I will update once we see this happen. We also have to keep in mind NFP tomorrow and I therefore I will no't enter too soon and have to allow a massive...
Have a look at my previous post for context and scenario's. Price is breaking lower and with FOMC on the agenda later today we have to be careful. For the bullish scenario I like to see a daily candle close back within the triangle. In that case I will wait for a consolidation before looking for a buy AUDUSD. I will update in case this scenario becomes...
The EURGBP seems to need another leg lower after this current consolidation is over. I like to sell the break and will look for clues on lower time frames for wave B to be completed. Bigger picture for context: www.timstuyts.com facebook/wwwtimstuytscom/
Have a look at my bigger picture first for context. We curently see some kind of wedge formation unfolding after triple divergence. Now I will be looking for a break out and consolidation/correction. This will be a wave 1-2 pattern targeting the wave 3 higher. The more aggresive entry will be on the 15min chart. This will be the same approach and might give...
See my previous analysis of GBPAUD bigger picture for context. Whether we see that leg lower (7th arrow as described in previous post) or not, this move up of smaller degree is likely not over yet. We saw a failed retest of what has currently been counted as either 1 or A (RED). This might indicate some kind of 'Flat' correction or maybe a triangle...
First have a look at my bigger picture outlook for the AUDUSD. I'm anticipating a wave 4 correction to be in progress. The crucial question short term is whether this unfolds in a corrective combination (W-X-Y) or a triangle formation (A-B-C-D-E). Above you see my preferred count for now due to the fact that we didn't see a clear break below the blue...
update of my EURUSD tradeplan: The Shoulder-Head-Shoulder pattern seems activated if we see a clear candle close below the neckline. This will result in the scenario of an A-B-C correction that might unfold in the shape of a harmonic BAT pattern. If we use classical technical analysis patterns like the Shoulder-Head-Shoulder pattern, we should be looking for...
I was looking for that last impulse lower as preferred scenario. Now I like to see it settle and consolidate for a reversal. An agressive buy would be the Harmonic BAT buy at 88.6fib level @ 127.668. The safest approach will be to wait for a 5 wave pattern higher followed by a 3 wave correction before buying EURJPY.
I posted GBPAUD earlier and this is the follow up I mentioned. Today we see a strong impulse higher, so now we need to watch for a break and consolidation above the non-horizontal trend line (blue) to buy GBPAUD. Another approach is to wait for a 5 wave structure higher followed by a 3 wave correction. However in case of an 'unclear' count I like to count...
The GBPUSD still looks corrective to me on daily time frame, until we see a break below the low of March 2015. For now I count this daily move lower as a wave B which will mean that this correction is most likely unfolding in the shape of a 'Flat' correction. We see a daily BAT buy pattern activated. However price moved lower very impulsively and broke below the...
The EURUSD shows several scenario's at the moment but due to the convergence of price, both short and long scenario present low risk trade opportunities. First have a look at daily time frame. It is unclear for now whether wave 4 is already in place or whether we need to see another leg higher for wave C. In that case we are only seeing a wave 4 of smaller...
Have a look at my EURJPY daily chart first . This 4hr chart however is my alternative view in case we don't see that new leg lower on the daily timeframe. I will be looking for a wave 4 kind of retrace within the blue channel (counted in blue (iv)) followed by a break lower for wave 5. This could unfold in a harmonic BAT buy pattern. However this is just...