TimStuyts

TimStuyts Updated 

After a three wave pattern for wave 'X' AUDCAD is expected to make a move below 0.9150. We see a bearish impulse in progress and selling after a consolidation is what we should do. However the structure for wave (c) is complex and might turn into an ending diagonal indicating a last leg higher is needed before price will break below 0.9150. (alternative wave count...

TimStuyts Updated 

We have been on top of AUDNZD from the lows in 2015. Last night volatility might have resulted in the bottom of wave 2 by means of wave 'v' of wave 'C'. If that's the case we saw an impulsive reversal which should be confirmed by means of a consolidation (bull flag). This would give us the possibility to buy AUDNZD by means of buying the continuation. The long...

TimStuyts

AUDJPY is very comparable to NZDJPY and we can therefore see which set-up is best to trade once the top of this correction is in place. I like to see a test of the confluence zone around 84 first. Up to that level we can be looking for consolidations on lower time frames to buy the continuation trades once they present themselves. Updates will follow

TimStuyts

I like the confluence zone in the 79 zone for a likely top for wave 'C'. This means that I will be looking for a last minor impulse higher towards that zone which should result in divergence. Once the top will be confirmed by means of a bearish impulse and consolidation of lesser degree we can sell the continuation which I expect to break below 69.3

TimStuyts

We saw a lot of volatility during the exit polls. Nevertheless, in terms of structure we can consider this to be only noise since nothing changed besides maybe the way how we complete this consolidation for wave (4). I want to see the USDJPY settle down and see whether the reversal after Trump speech is for real so it can be considered an impulse for wave (v) of...

TimStuyts Updated 

EURJPY is in what seems to be a triangle consolidation. However it is unclear yet whether wave (e) is already in place or whether we are still correcting for wave (d) comparable to what we saw for wave (b). Nevertheless, short term I expect to see a consolidation which should be followed by a bearish continuation. I will therefore be looking for a sell...

TimStuyts Updated 

The EURUSD is in a three wave pattern higher for wave E in this daily triangle consolidation. We are most likely close to the high for (a) and after a wave (b) consolidation we can buy EURUSD again for wave (c) higher. So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in...

TimStuyts Updated 

USDCAD is in a major sideways corrective structure and I think it is not over yet. It seems like this pair is unfolding in the shape of an ending diagonal for wave C of wave Y. I will be looking for a short opportunity for wave 4 of the ending diagonal. However this pair turns into a complex corrective combination and we therefore have to keep in mind that every...

TimStuyts

I like to see a last leg lower for wave (b) before we see an impulsive reversal Below you can see my long term outlook and I believe gold to be in a long term consolidation after the bull rally from 1998 to 2011 peaking at $1921.50. Alternative scenario is that wave B is already in place, in that case I will wait for a consolidation ( bull flag) before...

TimStuyts

Because of the US elections I'm not trading today. I stay aside for the simple reason; fundamental traders don't trade news they trade inter market analyses, technical traders don't trade news, they trade technicals. However EVERY trader has to deal with probability, Elliott Wave Principle (which is leading in my work) for example shows that expanded structures...

TimStuyts

A few months ago I posted that I was looking for a triangle correction both shorter term and longer term. This wasn't confirmed back then but based on structure. Certain consolidation patterns tend to be a result of certain impulses. The fact that price seems to confirm that scenario at the moment makes me more confident that we are still on the right track. I...

TimStuyts

US Oil is moving impulsively on the lower time frames and I will be focusing on a consolidation and sell continuation. It is an IF=THEN process and IF we see this consolidation unfold I will trade US Oil once again. Otherwise I let it go and wait for the next set-up. I'm still not a buyer for US Oil and I will try to explain why very soon by means of a webinar....

TimStuyts Updated 

EURGBP seems like it is about to make another attempt to take out the previous high by means of an extension higher. If you are not in the trade yet, wait for a consolidation and watch for a possible buy continuation trade once the consolidation is complete. Updates will follow

TimStuyts

The short worked out great and the move lower was very impulsive. I don't really like the count for wave '1' with a bottom @ 98.22. However all rules are followed in terms of wave count and I think we might see another leg lower. The trade plan however will be simple as always. I will wait to see whether we get a correction from here (which seems to have started...

TimStuyts

I'm currently short NZDJPY from lower time frames but I expect a great trade set-up soon. Wait for a consolidation and look to sell the continuation. Updates will follow

TimStuyts

I believe that after our very succesfull buy trade last time in NZDUSD we are about to see such a trade once more. However this time I am looking for a wave 3 instead of a wave 1 which will provide even more profit potential. Nevertheless the set-up is not there yet but this post shows what I'm looking for in terms of an ideal buy scenario. Below you can find my...

TimStuyts

The Sp500 index moved almost exactly as anticipated. We saw the legs lower and I consider this current move lower as a wave C. We can look for minor consolidations and sell the continuation. For my post and projection of 2 months ago see link below: Updates will follow

TimStuyts Updated 

EURCAD seems in need of another corrective leg higher that I will count as a wave C. The reversal was strong and after a consolidation I will be looking for a buy continuation trade. Updates will follow