I refer to latest diagonal bullish Wave 1 structure.
Complex corrective structure WXY which I believed may nearly completed with condition the minor Wave V completed above it bearish channel line.
Currently wave V which may consists of 5 minor waves is in progress.
Prefer to trade long.
If Gold fall below Wave IV then Wave Y maybe not yet completed.
Bitcoin Weekly Chart TA (22/03/2020)
If Wave 3 in triangle is valid.
Then look for the end of Wave 3 (within fibo number).
Look for ltf for long setup with target to Wave 4 in triangle.
This is only guideline for current scenario.
Please refer other EW technician before placing trade.
If wave ABC completed as it reached 78.6% of previous swing, we want to enter the trade for new possible impulsive wave next week to reach 2nd wave X.
However, GbpJpy may want to extend until 88.6%.
If it drop below Wave (Y), then the counting is invalid.
Refer ltf for reversal and buy setup.