With one more push high to maximum 48k, I expect BTC to pull pack between 30-33k range where the ETF news began to drive the market...
Momentum indicators are turning bearish. Upwards movement will probably switch to test the Daily 200 MA.
With high upward sentiment, lower portions of the consolidation zone can be a good opportunity to take long position. Up and downs that will occur inside the zone can be used to scalp but only at trend direction which is long. Buy the pullback, sell at zone upper range.
M formation. Leg extension to 1.6 Fib Where price may go then reverse...
Possible breakout at USDJPY. With short sentiment at 31.8 to long sentiment 68.2 price may break out to a lower buyer zone.
I was expecting EURUSD to break DXY 100 but price action is always the priority. and my prediction turned out to be wrong. Time to change the mindset. Smart money increased their net long positions on the pair. This can be a sign that EUR may gain but I think they will increase the longs as the EUR will make a bottom at 0.96. Why I think like that? AUDUSD...
Markets disappointed with President Trump's speech. From the economic pesrpective there were no hints what he will do that traders were expecting a stronger speech. That may bring uncertainty to markets which may boost gold prices but also EUR may force DXY down to 100 and below. I will take this trade when price bounces from DXY 100 and goes down the once...
I believe after harsh negotiations UK will return to EU. And also think markets begin to price this. Maybe it is time to long GBP...
With the latest China’s exports plunged 7.3% AUD may turn down and test the bottom consolidation border.
AUD accumulation wil occur most likely at June 2016 lows. Every up movement can be layered for mid-term shorting the pair.
With the high accumulation between 0.6980-0.7 band NZD is moving up to sit back on its mid-term trend. A pull-back from the 0.71 zone can be a good point to enter long.
If Euro loses streght against USD The support 1.01152 can be tested. Ignore the graphic saying Euro loses. Published quickly and wrote that wrong.
Entering the Elliott wave C if price can not pass 0.7266 Fib(0.5) that is 0.7050 can be tested.