We have witnessed the yen collapse last week and the effect was evident to almost all currencies especially after the the us intervention ... now am still hesitant to commit but we could cast our analysis to try and predict what will follow next
DXY (dollar index ) 4h .. with that huge shock its very unlikely that market will rebounce straight away , it will take sometimes for price to start picking up bullish momentum . This is exactly what waves are suggesting as price is now trading on wave (c) of this running flat . according to this analysis we should see price try to trade higher where people will think price has started trading higher but that won't be the case as price will only be trading this wave (4) then we might have another bearish drop to finalise the pattern whipping out some more capital and from there we will start getting true bullish movement
Note this wave (4) might take this whole week to trade so if you get a buying opportunity on higher timeframe (starting from 1h ) just know that is the lowest probability setup and the risk of you getting stopped are much higher
EURUSD 1H .. see this wave (c) has created a very clean impulse , so we should start looking for selling opportunities . Again this is still not a high probability move as we are still heavy bullish . It will stay that way until price trades below that low made by wave 4 as that will confirm trend change
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This month most pairs will break out of the consolidation zone . So the following are what am considering happening
Am not optimistic on the long term bullishness of BTCUSD but this week we should have some bullish pressure as price will be trading wave (c)