The trend is bearish on intraday chart, but the pair has reached a support area (completed structure). From a technical point of view, the pair could trigger some technical rebound, and if this happens, we will follow how it will develop. MONEY MANAGEMENT: If you have taken a short position on the wave (C), take part of the profit, and manage the rest of the position.
WAVE 5 IN DEVELOPMENT
BEARISH SCENARIO (PART I)
If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for support and trade with care!
Thank you for your excellent analysis. As a side note the Japanese media are right now reporting Bitcoin is dropping. Remember that the huge rise in the BTC market in the last quarter of 2017 was in a large part due to massive spike in Japanese investment after the government officially recognized crypto excahnges in this country.