Wait for confirmation and enter with Stop-Order
Potential bullish price action and still got good opportunity to make a safe entry. Remarking the previous over-extended candle still not retracing to the 0.5 fib retracement
Probably a deeper correction for Euro due to bullish NFP sentiment
2 possible outcomes for next week
Fundamentals: - US Trade Balance Technical: - 0.5 Fib retracement resistance - Previous tested resistance on several Daily candle swing highs Wait and see.
Potential retracement to previous key levels after Powell's dovish sentiment towards the economy. A slight divergence on the RSI will add up to predict next week movement. Keep out for channel break and price action to confirm. However, keep in mind for The Fed rate hike on September probably will be a major force for Dollar to climb futher.
Looking at the huge volume pump earlier indicates that the crypto-whales were just want to make a move in the market. In my perspective, that one huge "unlogical" bullish marubozu candle is very threatening for taking a position right now. Well, not wanna being a skeptic through crypto markets especially Bitcoin, but in the past 2-3 months (since the price slides...
Wait for the 4th wave correction, keep an eye for some potential correction levels for EURUSD
Noticing the forming of big tailed hammer candle on the 1H chart should bring the bulls pushing up.
ABC Correction potential waves.
The price is hit the upper channel resistance, a retest in the lower support of the channel most likely will happen for finishing the ABCDE waveform. Still waiting for the bearish candle pattern (maybe a evening star, or a doji) to confirm the short-term trend.
A correction maybe done for Yen to rise.
Looking at the downtrend channel seems the price action was very tighten, morevore looking at the low volume will determine a major price action in next 2/3 days. Im pretty sure that the bloody correction would be over and there will be a good mid-term upternd betweet this April until June.
2 possibilities, need to wait price action to confirm what the trend really is
The price squezeed pretty tight in the wedge equilibrium. A possible breakout will occur, but a breakout confirmation needed before hop into the position. As long as the market open in the next 2-3 days, keep an eye on this pair
Need more buy volume to kick in the price upwards. Earlier there were a few "pumps" in BINANCE:BTCUSDT if market sentiment dragged with FOMO sure its possible to reach 10K back.