For context please see link below since this is only 1 of the 2 scenario's I see as relevant and as highly probable.
Key to understand is that I favor a triangle correction on the daily that so far shows 3 waves o lesser degree for wave A, B and C. This suggest that we are looking at a 3-3-3-3-3 triangle structure. Add to that the fact that the 4 hour time frame might show us a triangle of lesser degree (if confirmed) and a triangle almost always occurs prior to the final move of the structure which suggest NOT to expect a bearish trend towards long term lows.
So what's the plan? We saw a bearish impulse on lower time frames on Friday and if this results in a consolidation we can sell wave C of wave A lower towards 1.08 area. If however we see a bullish reversal followed by a consolidation we can buy EURUSD towards 1.145.
updates will follow
www.timstuyts.com
www. facebook.com/timstuyts
www.youtube.com/watch?v=HvmWTm4f...
Key to understand is that I favor a triangle correction on the daily that so far shows 3 waves o lesser degree for wave A, B and C. This suggest that we are looking at a 3-3-3-3-3 triangle structure. Add to that the fact that the 4 hour time frame might show us a triangle of lesser degree (if confirmed) and a triangle almost always occurs prior to the final move of the structure which suggest NOT to expect a bearish trend towards long term lows.
So what's the plan? We saw a bearish impulse on lower time frames on Friday and if this results in a consolidation we can sell wave C of wave A lower towards 1.08 area. If however we see a bullish reversal followed by a consolidation we can buy EURUSD towards 1.145.
updates will follow
www.timstuyts.com
www. facebook.com/timstuyts
www.youtube.com/watch?v=HvmWTm4f...
評論:
Projection of my ideal scenario for EURUSD and what I'm looking for in terms of potential trades. Both structure of larger and lesser degree.
評論:
So far so good guys, let's see whether we see the bearisch continuation as well.
