53 and 58K

Morning folks,

So, NFP was in a row with our expectations which, together with JP Wyoming statement, creates positive background for all dollar rivals, including cryptos. Now market is breaking through 51K resistance area and performance looks strong enough to suggest further upward action.

Thus, we do not need to invent something else, 1.27 butterfly is completed but we have next one at 53K and 58K XOP target on 4H chart. 58K BTW agrees with daily/weekly overbought areas. So we suggest that it will be the ceil for current week as well.