btc looks to be completing the extended 5th wave of the bearish structure. I am expecting a little further downside to finish this before some sort of a correction and then most probably another wave down.
watching for price action at this level to indicate if price is starting an uptrend by breaking out of descending channel. or wether this is a bigger correction to retest the low. I believe it will bounce and go higher but it also depends on BTC.
usd chf has gone and tagged the low as expected which indicates this is the bottom of the bigger picture which i previously posted. it has also broken out of its current downtrend and is consolidating.
ujsdjpy is in a nice downtrend and i will continue to sell every time it makes a correction like this. at some point it will breakout of this trend to make a correction so if that happens I will get out of the trade.
indicators suggest this is the top for gbpusd for the short term so looking for either a correction down for buy setups (does not have to come to trendline) or an impluse down to the trendline to suggest a breakout to the downside, if so I would be selling. I will post shorter term ideas when setups are complete.