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Wavytunnel

EURUSD Bigger picture: A long and winding path to b or not to bOk 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, it's the only way this experiment has a chance to survive. The Euro is not the D-Mark even if some seems to believe so, just it's offspring and there is a sane possibility that it will transform back to it in the not so distant future. Ok that's my view and I'm sure there are many who disagree with me. Time will tell and this is only one possible time line in to the future.
Short
by viking-EW
1
CADJPY - The bigger picture - Giant bullish triangleThe 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 admit, and I'm not claiming I have it absolutely right here as there are alternative waves to count it, but leaning on the AO indicator and the weekly tunnel, this appeals to me as my main count. However, I would say the most important marking on this chart is the imbalance (blue strip) and supply zone in red above it. So what I'll be looking for here is simply what kind of reaction we will get at that imbalance from 2015, which I'm certain the market wants to close. But will we just rush through it up to grab supply or will it give us a reaction strong enough to validate as wave (e) and at the same time mark the end of wave 5 ?
Long
by viking-EW
EURCAD - Evergrade giveaway or what goes around in China stays iQuick 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 globe. This with China is just blown up, and it's gripped with fear, because most is hidden, but fear is poison to your trading account as it least to panic and bad decisions. Tempted to take this trade here, but due to current exposure I prefer to wait to see if we will come higher, if not I am fine.
Short
by viking-EW
2
CADJPY wave 2 pullback tradeSimple 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 choosing although I think there is potential to go really high, but taking partial profit is never wrong. Also look at idea for the bigger picture in Related ideas.
Long
by viking-EW
CHFCHF bullish impulse in 5 wavesIf 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 AO blocks and at the same time overtook at least one internal and one external high. An external high is a peak "on the other side" with price trending in the other direction. So now I'm basically waiting to see what price will do. WE already get a retest of the TL break as I was preparing this idea, but I drew an arrow for it anyway on chart. Otherwise it reminds pretty much of my CADJPY idea, so you can have a look at that one as well. My first level to really consider is a retest of the 1h tunnel.
Long
by viking-EW