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Chart is self explanatory

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I have taken this trend continuation trade on a flat Kumo breakout which should be confirmed by a strong price momentum.

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Price action will have to show a consolidation above the last trend line to confirm validity

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I would not expect this move to be a major motive move on the upside but who knows...

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Price action has been trapped in a narrow range suggesting that a breakdown of the pattern could have some inertia. In order to get a tight risk on the trade, I have entered the short here and used the Kumo as an initial Stop.

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Fairly straight forward pattern. I am using the top of the Kumo as a stop.

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The strong price action so far seems to confirm the breakout

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What happens when political uncertainty mounts in a market where Short positions are at their all time highs? Some get nervous and start to reduce most probably... This GBPUSD rebound has been more resilient than any could have anticipated but the 3-wave rebound could be soon facing a serious test as an ABCD pattern completes in a zone of previous price congestion.

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Understanding the wave structure of the BTCUSD requires moving to the logarithmic scale. That in itself, can either be an very positive or dangerous omen. "Pump and dumps" usually see exponential price rise only to end up going through an even quicker fall. So is the Bitcoin a formidable success story or one of the "pump and dump" of the currency market? Up to you...

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Momentum should remain strong to support this idea...

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An ABC consolidation may be complete, opening the door for the wave #5 of this bullish move.

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Chart is self explanatory

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I will be waiting for a bearish motive wave to complete this pattern. A move in the 122.30 area would be a good start.

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After producing a clean 5 wave rise, the price is today showing decent inertia on the downside. Could is start a consolidating A wave on the downside? I will look for potential trade signals in any pull back.

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The bullish support for this pair has taken it in an interesting territory. Is this very clean of the Head & Shoulder pattern a good omen for a bullish move to the top of the resistance trend line? Will surely keep an eye for a bullish trade signal in any price consolidation...

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Chart is pretty self explanatory

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Could it be the C leg of an ABC correction?

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Chart is pretty self explanatory