Daily GBP/JPY analysis

At this moment, price already break the white critical line and the bearish continuation critical line 1. Therefore, I'm looking forward for a further bearish continuation trend scenario to complete a major corrective wave B in 5 bearish wave structures (yellow). But please be extra careful for any possibility to a bullish continuation trend scenario according to the alt count in magenta or a bullish retracement trend scenario to complete subwave ii in yellow. Good luck.

with u in this thread

Who I see here? The guy who was looking desperately for a scalping method bringin´20 pips a day...I know it is none of my business but hey..folowing others without learning the basics won´t make you reach...
Take care man..don´t lose the farm..

Good Luck.

At this moment, price already near the major lower red trendline and the lower channel red trendline. Therefore, please be careful for any bounce scenario, favourably to complete subwave ii either in white or yellow before expecting for another bearish continuation trend to complete major corrective wave B. Otherwise, please be careful for any bullish continuation trend scenario to complete wave 3 in magenta. Good luck.

At this moment, I can divided market into 3 possible scenario which is :

1) Yellow - market will perform an extension of wave i in yellow which is consist of an extension of subwave v in 3(cyan).
2) White - market will perform a truncated wave i in white.
Please be noted that both alt count is expecting for a furher bearish continuation trend to complete major corrective wave B.
3) Magenta - market will perform a bullish continuation trend to complete wave 3.

Preferably, I'm looking forward for a further bearish continuation trend scenario either in alt counts in yellow or white. A further breakout towards the major lower red trendline that would bolster to this scenario is still remain to be seen. Good luck and happy weekends.

At this moment, price already at the major lower red trendline. Preferably, I'm looking forward for a further breakout to complete subwave v in 3 (cyan). Otherwise, please be careful for any bounce scenario either refering to the alt count in white or magenta. Favourably, I believed market in progress to perform a major bearish retracement trend to complete wave B either in white or yellow. Good luck.

don't you think the results would be the same if you didn't count the waves but just used the resistances/supports and channels as you do now?

no, its not the same. Wave give u the trend structures. Good luck
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Preferably, I'm looking forward for a bearish trend to be perform to complete wave iii either in white or yellow. A true breakout towards the major lower red trendline would bolster this scenario. But please be noted that, market have to perform 5 subwave structures if the scenario is valid. Otherwise, please be careful for any bullish continuation trend and any breakout towards the white/yellow critical line. Good luck.

At this moment, I'm looking forward for a bearish reversal trend refering to either the alt count in white or yellow. Otherwise, please be careful for any breakout toward the yellow critical line. Good luck.

At this moment, please be careful for any horizontal triangle bullish continuation pattern scenario refering to the alt count in magenta. Favourably, I'm still looking for any bearish reversal opportunity refering towards the alt counts either in yellow or white. Good luck.

Due to the market scenario, I have to did some adjustment to both alt counts either in yellow or white. Most likely, market in progress to perform a complex abcde corrective pattern either in magenta (impulsive) or yellow (truncated - 5 in b). Otherwise, if market continue further to the downside, then most probably corrective wave b is already completed (white). Advisable to look for any bearish entry signal from BSTS later. Happy weekends and good luck.

Acronym Definition
BSTS Better Safe Than Sorry
BSTS British Society for the Turin Shroud
BSTS Battle Staff Training System
BSTS Backside Tailslide (skateboarding)
BSTS Base Shop Test Station
BSTS Brumman Satellite
BSTS Battalion Staff Training System
BSTS Boost Surveillance & Tracking System
BSTS Ballistic Surveillance and Tracking System
BSTS British Shroud of Turin Society

At this moment, I'm looking forward for a valid diagonal triangle and triple top reversal pattern to bolster towards either the alt counts in white or yellow. Otherwise, please be careful for any bullish continuation trend refering to either the latest gray alt count or magenta. Good luck.

Today's interesting tech events for GBPJPY:

MACD Histogram(12,26,9) Above Zero Line
Momentum(26) Reached Its Minimum and Reversed
Price Crossed Above Resistance Line
Price Up 3% to 5% from 30-Day Avg
TD-Line of Level 3 Magnitude Upward Breakout

hi,

so ? maybe u can explain what is that so interesting is all about ? Is is bias bearish or bullish ? Ur sentences is not complete. Good luck to u.

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At this moment, I'm looking forward for a bearish reversal trend refering toward the alt counts either in white, yellow or at least gray. A breakout to the lower yellow trendline and a valid triple top and diagonal triangle (rising wedge) bearish reversal pattern would bolster to this scenario. Otherwise, please be careful for any breakout towards the white/yellow critical line. Good luck.

At this moment, I believed market just performed a "Throw-Over" pattern which is a bullish trap scenario. Therefore, preferably I'm looking forward for a bearish reversal trend later refering either toward the alt count in white or yellow. But, please be careful for any strong bullish continuation trend refering to the alt count in magenta. Advisable to look for any bearish reversal entry signal from BSTS later. Good luck.

At this moment, I believed market just performed a "Throw-Over" pattern which is a bullish trap scenario. Therefore, preferably I'm looking forward for a bearish reversal trend later refering either toward the alt count in white or yellow. But, please be careful for any strong bullish continuation trend refering to the alt count in magenta. Advisable to look for any bearish reversal entry signal from BSTS later. Good luck.

At this moment, the lower yellow trendline still remain intact. Preferably, I'm looking forward for a breakout towards the downside to bolster the bearish reversal trend scenario. But please be careful if the "throw-over" scenario is still unfinish. Good luck.

Chart 1H - At this moment, I still believed market just performed a typical "throw-over" pattern in diagonal triangle scenario. Therefore, favourably I'm looking forward for a bearish reversal trend scenario later but please be noted that market perhaps may perform a head and shoulder pattern 1st. Otherwise, please be careful for any bullish continuation trend and a breakout towards the white/yellow critical line.

Chart Daily - Please be noted that I believed market just performed a bullish retracement trend either to complete subwave a (white or yellow) or corrective wave 4 (magenta). Favourably, I'm looking forward for a bearish continuation trend once subwave a is completed (yellow) but please be noted that there is a possibility that subwave a is still not complete yet refering to the alt count in white. Therefore, advisable to look for any bearish continuation trend entry signal from BSTS laters once either waves is completed.

Chart Weekly - Preferably, I believed market in progress to perform just a subwave a (white or yellow) before expecting another bearish continuation trend to complete subwave b and later a bullish retracement trend to complete subwave c in 4. but, please be noted that market also have a possiblity to complete subwave 4 in magenta before expecting for another bearish continuation trend scenario. Therefore, advisable to look for any possible bearish entry signal from BSTS later.
Good luck and happy weekends.

Preferably, I believed market only performed a "throw-over" pattern which is represent a typical bullish trap scenario. Expecting market will perform a bearish trend either to complete corrective wave E in 4 (magenta) or major corrective wave B (white or yellow). Therefore, advisable to look for any bearish entry signal from BSTS later. Otherwise, please be careful for any breakout towards the white/yellow critical line. Good luck.