The situation with the considered trading pair continues to develop according to the previously analyzed scenario.
Under strong pressure, the euro sharply gave up its positions but is now trying to correct everything. It manages only to contain the dollar’s attack, but this is likely a temporary measure. In the near future, there is a high probability of further decline.
This is due to the development of an extension in wave iii, for the completion of which a small bearish wave is lacking.
Then, the price will go into a prolonged correction, which will ultimately lead the price back down.
Bitcoin is confirming the scenario previously considered. According to it, the development of a correction has completed, which is a simple zigzag and represents wave (iv) in an upward impulse.
Immediately after this, the price surged upwards to develop the final impulse wave. At present, the potential of this movement is not fully realized; Bitcoin still has room to grow, so the current situation remains favorable for buying.
For this reason, it is recommended to open trades in this direction at current market values.
Investment idea: BUY 81700, SL 79900, TP 90000.
NQ100: BUY 29850, SL 29500, TP 31500.
The NASDAQ100 index is once again beginning to revive and show some activity. Perhaps the correction in the form of a double zigzag in wave 2 has ended, and the price has set off to conquer the all-time high. It will become clear soon whether this will be realized.
You can try to join this movement and, if successful, achieve good profits.
It should also be noted that the growth could develop as a converging ending diagonal triangle. In that case, the price movement would proceed with a slowly decaying amplitude until a sharp reversal and rapid decline occur.
But that will come later; right now we are at the beginning of this pattern’s development, meaning that buying remains the most promising trading strategy.
