Daily GBP/JPY analysis

I'm looking forwards for a bearish continuation later next week to complete subwave iii in yellow. Please be noted that if the price break the white critical line, both alt counts in white and magenta will be invalid. Othwerwise the price may start to bounce according to the alt counts in white or magenta. Happy weekends and good luck.

Chart 1H - I'm looking forward for a bearish continuation to complete subwave iii in yellow. But please be careful for any possibility of the alt count in magenta or white. Advisable to wait for another very good bearish entry signal from BSTS later before making any entry.

Chart 4H - Preferably, I'm looking for further downside trend but please be extra careful if the "double bottom" pattern scenario is valid. And if the price bounce and break the yellow critical line, the bearish continuation scenario would be invalid. Otherwise, a breakout to the lower red trendline would bolster the bearish continuation scenario.

Chart Daily - Please watch closely the upper green trendline and the red lower trendline to confirm which trend is more preferable. I believed market in bearish reversal trend and a true breakout to the lower red trendline would bolster this scenario. But a breakout to the upper green trendline would put this bearish reversal scenario in major doubt.

Summary :

1) Preferably, I'm looking for a further bearish continuation trend to complete subwave iii in yellow. A breakout to the white critical line would bolster this scenario. Please analyse BSTS 2 & 3 TF Daily and Weekly for any valid signal.

2) But please be careful if the "double bottom" pattern scenario is valid. A breakout to the yellow critical line would favour to the alt counts refering either to the magenta count or white count.

Good luck.

At this moment I'm looking for a bearish continuation to perform subwave iii in yellow. A true breakout to the lower red trendline (teal triangle) would bolster this scenario. Otherwise if the price break the yellow critical line then this alt count (yellow) would be invalid and market would favour to the alt count either in magenta or white. Advisable to look for any bearish continuation signal from BSTS later if the bearish continuation scenario (yellow or magenta) still valid. Good luck.

Until this moment, the lower red trendline still stand as a strong support line and I'm looking forward for a breakout to the downside direction. I believed we shall see a bearish continuation soon and please be careful for any valid of "double bottom" pattern. A breakout to the white critical line would bolster this scenario. Good luck.

At this moment, I'm looking forward for a downside movement either to complete subwave b (magenta or white) or subwave v (yellow). Please watch closely the teal triangle for any breakout later. Good luck.

i;m going to take a short here 211.94 tight stop 30 pips or so see if we can get back towards 211.00 or there abouts

Until this moment market already break the middle upper green trendline and please be noted that a further breakout to the yellow critical line would put the alt count in yellow become invalid. Favourably, I believed market in corrective phase to complete wave c in magenta. But please analyse for any possible movement refering to alt count in white. Good luck.

Hi,
Your chart is fully customized,, maybe your the only one who knows how to read it what system are you using in there?

I'm using an Elliot Wave Trading strategy.

Please be noted that the previous alt count in yellow is already invalid. Therefore please analyse the latest possible alt counts. I believed market in small retracement to complete subwave 4 before expecting another bullish continuation either to complete a truncated subwave 5 (yellow) or an impulsive subwave 5 (magenta or white). Please watch closely the bearish/bullish continuation line 1 and the major triangle for any breakout. And a wave recount is needed if the price break the bearish continuation line 1 later. Advisable to look for a bearish reversal entry signal from BSTS later once wave 5 is completed. Good luck.

Until this moment, all possible alt counts still valid. Preferably, I'm looking forward for a market movement refering to the alt count in yellow. Please be noted that price still inside the major triangle zone. A further breakout to the bearish continuation line 1 would bolster the alt count in yellow. Otherwise if the price break the bullish continuation line 1, this scenario would be invalid. Good luck.

At this moment, price already break the bearish continuation line 1, therefore the previous alt count in magenta and white is already invalid. Please analyse the latest possible alt counts and preferably I'm looking for possible bullish movement once subwave c (yellow) or subwave a (magenta) is completed. Please confirm any possible entry from BSTS later. Good luck and happy weekends.

Do I bet this thing up or down?

Until this moment, price already break the lower major red trendline and the bearish continuation line 2. Either there will be a bullish retracement or a further bearish continuation later, I can only determine by next week. Please be noted also for any possible double bottom pattern scenario and look for any good bullish retracement entry signal from BSTS later. Happy weekends.

Could you simplify the signal a bit for newbies? It's too confusing!
But thanks for the posting effort for the community!

Hi, try to make some comment on GJ, let me know if 'm wrong...

The chart is weekly GJ chart with fibo... I can see the high ard 216 area that GJ make few week ago was actually 38.2% of the retracement of a downtrend since 1 year ago...

After hitting the 38.2% it did not manage to break through it and start moving downward. if the downtrend resume, the first support might be 23.6% which is somewhere around 206.xx

But on the other side my green MA is going to cross up, make it a potential uptrend...

Note: I just went burst due to weak money management... "bet" too much margin on uptrend...

http://www.forexfactory.com/attachme...1&d=1218206663

your count is good, but missing a certain something. i'll tell ya later.!

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - Please study all possible counts and preferably, I'm looking for a bullish retracement before expecting for another bearish continuation either refering to alt counts in yellow or magenta. Otherwise if the price break the bullish continuation line 1, this scenario would be invalid. Therefore, please wait for any good entry signal from BSTS later.

Chart 4H - I'm looking forward for a bullish retracement later but please be careful for any bearish continuation scenario. Please be noted for any possible "double bottom" pattern scenario or any true breakout of the bearish continuation critical line 3.

Chart Daily - Preferably I'm looking for a further bearish continuation scenario refering either to the alt count in white or magenta later next week. A true breakout of the lower red trendline would bolster this scenario. Otherwise a breakout to the bullish continuation line 1 would favour to the alt count in yellow.

Summary :

1) Preferably, I'm looking forward for a bullish retracement later to complete subwave ii (yellow or magenta) once subwave i is completed before expecting for another bearish continuation scenario to perform subwave iii (yellow or magenta). A "double bottom" pattern scenario and a strong resistance from the upper green trendline would bolster this scenario. Please be careful for any breakout to the bearish continuation line 3 and the bullish continuation line 1 later.

2) Otherwise, please be careful for any possibility a market movement refering to the alt count in white (TF 1H & 4H).

3) Please confirm which is the preferable counts and any entry from BSTS later.

Good lucks.

At this moment, market already reached the lower red trendline and bounce back. I'm looking forward for a bullish retracement to complete subwave ii (yellow or magenta) before expecting for another bearish continuation to perform subwave iii (yellow or magenta). An establishment of possible "H & S" pattern (yellow rectangle) would bolster this scenario. Otherwise, we may see a bullish reversal trend according to the alt count in white. Preferably, advisable to standby for any bearish continuation signal from BSTS later. Good luck.

ok lets get this thread poppin. 2:30 est.. this thing is looking to break lower or what.. thinkin so... (im on mnt time, but laptop still set to est!) filled the gap, do we hit here now lol.

testing 209.90