EURUSD bigger picture

18 juin 2016

I still follow my long term wave count although there are several opportunities to count the current consolidation on the daily time frame. I believe that this pair is in a triangle consolidation for a wave B which will be followed by a bearish break towards parity and even lower.

The 4 hour time frame shows the structure of lesser degree to create this triangle.


For my day trade set-up call of last week see below:

timstuyts.com

facebook.com/timstuyts

youtube.com/watch?v=HvmWTm4fcl8

20 juin 2016

Transaction en cours

Last weeks buy set-up took me in the trade and the opening gap of this week made me place stop loss at break even.




I will monitor this bullish price action to determine whether it is a new impulse or part of the more complex corrective combination which is more likely at this stage. Updates will follow, so far risk/reward is at 2/1 with no risk.

24 juin 2016

Note

26 juin 2016

Note