viking-EW

viking-EW Updated 

Ok the chart pretty much speaks for it self. I know there are those who believe that ECB will hike in sep-22 but sorry, that simply wont happen. Just because a Seagull can fly doesn't mean an Albatross automagically can. The dollar will crush the Euro, in fact it has already done so since 2009 and it will continue until we are below parity. In fact, or I believe,...

viking-EW Updated 

After latest BoC statement I find this pair to be very interesting. After a 3 waves rise and a pullback into structure (overlapping wave) it now looks like the pair is likely to make a larger 5 waves rise on a journey from the Weekly- to the Monthly Tunnel (approx. at 0.8160). The Wavy Tunnel together with the AO indicator are fundamental in my Elliott Wave...

viking-EW Updated 

This idea looks at EURUSD as born into a 25 years Grand Super Cycle Flat, originating at the Euro's release as a real currency with a 5 waves Super cycle as wave A, and now correcting this motive wave in B with a so called Complex Combination (WXY). The talk of parity has been on the table several times, just to die out, because most of market commenting is short...

viking-EW Updated 

Between July 2001 and Aug 2011, USDCHF saw a constant depreciation (CHF strength) with just a few significant corrective rallies. At the end. it had dropped with 11k+ pips as it bottomed at 0.70668 (may vary from feed to feed). That was an insane 10 years of bear droppings. Since then, it has as most recovered a bit more than 3000 pips, which isn't even 38.2%, and...

viking-EW Updated 

The big picture paints a large triangle dating back to beginning of the financial crisis and that seem to be closing in on its final solution may be one sign that we are approaching the end game of the whole debacle. Right now we are in the final stages of red wave (d), more precisely in Primary wave 5 of cycle c. This wave is a bit tricky to count, I would...

viking-EW Updated 

Looking at the bigger picture of this pair, assuming the rally from Oct-11 low to Jun-15 high was a wave A of larger degree, there are two scenarios that appear most probably for wave B, either a triangle (first chart) or a flat (in comments below). At this point both patterns are still in play, basically defined by how we count the rally from January low of this...

viking-EW Updated 

From the wave created by the 2007 ATH to the 2008 global crash and ATL the pair's price action has hammered out a large multi year triangle, currently in wave D as shown on the chart. Price is expected to move higher the coming year or so, before the final correction in to wave E and completion of wave B in a large 3 waves flat pattern. Of course, we cannot be...

viking-EW Updated 

DXY is currently hammering out a triangle as super cycle (b) in a multi year 3 waves correction, currently in the phase to complete wave d, which comes as a part of a large "double headed" inverted Head and Shoulders pattern. The measured target of this patterns is roughly 98.50, which stretches somewhat beyond an imbalance created in the summer 2020. So that...

viking-EW Updated 

NZDJPY has run a long way since the 18 Marsh 2020 bottom but still haven't overtake any major swing high from its move down from higher altitudes. Will the expected overnight RBNZ hike bring the needed fuel to make it happen and complete this (d) wave in a larger triangle? If we get an ordinary or more hawkish hike, this baby may just run, run and run some more...

viking-EW Updated 

I don't trade Treasuries but it's important to keep track of the yield, especially for the USD and if you trade xxx/jpy crosses. The 10 year yield is currently hammering out a complex pattern as wave b in a larger correction, where the last sub wave is expected to reach the 2% area, maybe slightly below, maybe slightly above, before it heads down towards the zero...

viking-EW Updated 

I have no plan to trade this pair as I like both the Kiwi and the Buck going forward, and this is no advice or trade setup, but the pair shows a nice oscillating pattern in this slightly upwards slanted pitchfork and I was able to hammer out this count as the most plausible projection. I'm a bit surprised by the kiwi weakness so far this weak but maybe it's just...

viking-EW Updated 

Quick idea in response to the just announced Evergrade default, although not sure it's really public yet. Ok my take is that "what goes around in China, stays in China", the rest and it's really not much, is just a part of investment and capitalism - it has something called a risk element, and it sometimes leads to defaults. Companies default every day around the...

viking-EW Updated 

Apart from what's said in the title, the pair has completed an impulse as minute wave iii of minor 3 and is now correcting price in wave iv. This correction looks likely to be a smaller 7 waves swing (wxy) and I will trade it as it hits structural resistance around 1.6350 or i(f that move doesn't materialize) on break of 1.6238 low (x on chart). I will also...

viking-EW Updated 

Price broke below the neckline of a larger Head & Shoulders (H&S) pattern is now making a first retest of the break. It also pierced the bottom of a larger Pitchfork defined by April/August-15 low/high and Feb-2017 low. The high in Mar-2020 looks like the culmination of a 3 waves structure, irrespective of if we count from the April-15 or Feb-17 low. So it looks...

viking-EW

If the current smaller wave retrace 61.8 in to the 4h tunnel I'm long with a stop below the low, open target but crucial to see it break above the current structures high of 114.74 I think 118 is a reasonable target though, if we break and close above said level. If not we may see a rotation down to 112.20/40 support.

viking-EW Updated 

Simple trade based on a wave 2 38.2 fib pullback into 1h tunnel, if it gets that far. Possibly, with bravery, the trade could be taken already at 23.6% but it's important the pullback is in 3 sub waves. If not, even at 38.2 we may get a deeper dip into 61.8%, so this is something to look out for before getting into the trade. TP can be any high to the left of your...

viking-EW Updated 

If you have seen my other idea for the pair you know that I'm already long from the bottom. So this idea is mainly to show where I may consider to add to that trade. Price finally spiked higher and nudged past my confirmed bullish level, in 5 waves (this is important) and as it did so it also made a bullish impulse noted by 2 sequentially higher highs with higher...

viking-EW Updated 

CADCHF made a DB on the 1h/15m and the reached above the peak in between. The setup is on 15m with enter on a 61.8 retrace relative to that in between peak. If price seem to struggle getting there I may enter earlier. This will be my 3rd try on this pair.