On pur last post on this, we were anticipating an upmove. The upmove came, but still its not yet confirmed, this is because there is no corrective structure or the trend resumes down fast. We will wait for the corrective structure to join the longs. Trade with care use a stop loss.
Assuming the ABC move was complete, the next stage would be a probable scenario 1, whereby price would rush to break the top. If the market was not ready for the upmove, then scenario 2 would be most likely as price will drop to take put the low price thus consolidate. We shall wait for a sideways structure to confirm what direction price will take.
On Bitcoin, we see a corrective pattern forming, this means that price will resume in the original trend after the correction is done. The direction is upside, but price could extend the correction to deeper price levels before trend resumes. Trade with care use a stop loss.
The recent drop in some US stocks like Apple could mean something to the Forex market. We can assume that the drop was profit taking! So what's next? Them that took profit would want to invest else where. We see a drop on this pair from various levels, despite the high risk its very rewarding.