Allowing corrective waves supports favourable risk-to-reward for long positions.
AUDUSD 0.65139 is at a crucial price level with NFP around the corner...
-Biased Long however... -This week, price action is in a Whipsaw and requires risk adjustment.
If BTC PA maintains above 25194 and MA, BTC Bulls got your back.
Next week, if price would stay above the Daily trend line, then Buy setups are a good idea.
if USDJPY is able to maintain below 142.200, bearish entries are a good idea.
if gold would maintain above 1895, looking for reasons to buy. because its a reaction trade, lots have to be reduced by 3.
If price would maintain below 1935, potential whipsaw opportunity for harmonic traders. Sell at Resistance, Buy at Support.
GBPUSD could give us 1 more wave up, a continuation of the 3rd wave
BTC has a Bulls Bias... however.. if BTC maintains below 28683 this week, a bearish setup can stop out early bulls, breaking the previous low where Stops are.
1. AUDUSD has a Bear Bias. 2. TP some near 0.65667, and allow rest to run. 3. On break of 0.65667, focus will be on sell setups. Expecting volatility as the US approaches June's Debt Default
SpaceX targeting April 20 for next Starship launch attempt.
...early bias suggestion using TV's H&S indicator and a line.
BCOUSD could make a retrace followed by a bearish breakout on a lower time frame for the next motive wave down.
GBPJPY can continue a 1600pip bullish run if price stays above the monthly trend line
Whipsaws offer 40 to 60 pips trading the range up and down. Trends offer 300 to 600 pips. Waiting for a trend entry requires time however offers a good r:r If already in the Sells from way above, TP some and live thru the whipsaw because of the Bearish Bias. Add to the Sell once the whipsaw is over.
Because waves can be complex, keeping things simple by monitoring key bullish levels can make life easier...
EU Key levels for targets... once bias is established...