GBPUSD is trying to break the line to go for a pull back for the recent down impulse.
EURUSD broke the low slightly, the pattern in 1H showing very small correction, should wait for a strong break-out and correction then look for BUY setup (maybe during ECB Press Conference)
Eventually can take a good sell with very tight stop loss, wait for a flag (for confirmation of the down move) and note that this can become longer term trade after breaking the daily trend line
EURGBP made a nice flag and just broke the line, we can wait for a small (1H) correction to buy at least to 61.8% of down trend, I see more up move on this pair, so it can become longer term trade
If my wave count for long term (link in comment) is correct and we are in the 3rd wave of local downtrend, soon we should be able to find a sell setup AFTER breaking the line.
If my wave count is correct, we should be at the starting point of 3rd wave of local down trend (red line) which is the 4th wave of daily uptrend (green line). The whole green line trend itself is a correction/retracement to 61.8% of the weekly impulse down.
There are 2 scenarios for Bitcoin that both of them suggesting short term upside for this crypto. 1- If it breaks the line, have to wait for a correction/flag then look for buy setup to go and break the top (I'm expecting this scenario) 2 - Breaks the low first, then up move and shouldn't break the top
A short term BUY for possible scenario on Ripple to create this pattern
There are 2 scenarios for Bitcoin that both of them suggesting short term upside for this crypto. 1- Breaks the low first then up move 2- If it breaks the line, have to wait for a correction/flag then look for buy setup to go and break the top (I'm not expecting this scenario)
Everything is getting ready to take another SELL on gold
IF we see a break out and 1h flag, we can look for a BUY setup with a tight stop loss
EURAUD broke the line and seems that entrancement is completed, find a sell setup AFTER breaking the dotted line, (look at 1h chart for better entry). This can become a longer trade, watch it when it reached to the trend line
In almost all JPY pairs I'm expecting UP movement, here on NZDJPY at least one impulse up before a longer correction
After a long correction / flag and retracing back to the 61.8% I'm expecting a strong break out
It looks USDJPY is completing a small C and a big B waves of 2 different corrections at the same time. Looking at weekly and daily charts, it seems we are in the way to make a big 3 wave (possibly 5) correction for the impulse down (blue arrow), correction which includes Trump's impulse up (Red line) also has a 3 wave correction (possibly 5) which shown in light...
Cautiously can buy AFTER the break out and be careful about the Wednesday "Crude Oil Inventories" news
Oil is in a nice place to go short with a very tight stop loss. Expecting at least to test the low, then a possible 3 wave correction for more down.
For now it seems another leg down is in the move on EURGBP SELL with cautious and watch it when it reached to the low