AUDJPY started a new leg down immediately after reaching its day top. Notice how each leg down will retest its previous higher low before starting a new leg down. it is like clockwork, and your job is to observe that and then trade it without any hesitation.
The overall trend of the dollar index is up. We expect it to trade inside the trend channel and complete wave ABC correction to heads up and fill our last two targets 104.40 and 104.70.
A few day back we said that Bitcoin is forming a rising wedge indicating a loss of steam in the current upside leg.
We identified five retracement levels we expect Bitcoin to go through before it resumes its upside move.
Today Bitcoin went through the fourth level, and we expect the fifth to get hit.
