Daily GBP/JPY analysis

At this moment, I'm looking forward for a true breakout towards the bearish continuation critical line 2 to bolster the subwave iii in yellow scenario. Otherwise, please be noted that there is a probability the market may perform a bullish retracement trend 1st to perform subwave ii in white. Good luck.

Chart 1H - Favourably, I believed market will perform another bearish continuation trend to perform either subwave v in white or yellow before expecting for a bullish retracement trend. Therefore, please be careful for any bullish retracement trend scneario once subwave v is completed (impulsive or truncated).

Chart Daily - Preferably, I believed market already in progress to perform a major wave 5 either in yellow or white. Another strong bearish continuation trend would bolster towards the alt count yellow scenario otherwise please be noted that market have a strong probability towards a bullish retracement trend scenario to perform subwave 2 in white before expecting for another major bearish continuation trend scenario. So, please be extra careful for that. Good luck and happy weekends.

Hello, this is my current trade in GEPPY (can't show the live account, here is my demo). Showing both 4H and 1 H charts.

The down move just completed (bottom ellipse), and the retracement up will hit the 76.4 FIB level (right-most ellipse)

The up move already started in the 1H chart, the up move will be confirmed in the 4H chart one the price crosses the diagonal resistance line. For now my price target is 158.00

In the charts, you can see when I entered the trade (BUY). I will continue to post updates.

I trade GEPPY using only LINE CHARTS with diagonal trend lines and FIB indicator.

GEPPY is the gift that keeps on giving.

PAPION

This is one of many ways to look at GEPPY, in the DAILY chart.....

FWIW

PAPION

Gbp vs Jpy (1H) - At this moment, I'm looking forwards for a further bearish continuation scenario either in white, yellow or magenta. Please be extra carefil since market may perform a strong bullish retracement trend to perform wave 2 in white before expecting for another bearish continuation scenario. Favourably, I believed market is already in progress to perform major wave 5.

Gbp vs Jpy (Daily) - Market is already break the lower red trendline therefore, I believed market is already in progress to perform another bearish rally towards to complete major wave 5 in C. Please be noted that market have a possibility to perform a bullish retracement trend to complete wave 2 in white. Also please be careful for any bounce scenario towards the bearish continuation critical line 1.

Gbp vs Usd (Daily) - Preferably, I'm looking forward for a bearish reversal (yellow) trend or a bearish continuation (magenta) trend scenario to perform either corrective a, b and c in yellow or magenta. Please be careful for any possibility towards bullish retracement scenario refering to the alt count in magenta. Adviseable to look for any bearish entry opportunity from BSTS later.

Gbp vs Usd (Weekly) - I believed market already complete either major wave 4 in magenta or corrective wave C in yellow. Therefore, favourably I'm expecting market to perform another bearish trend scenario. Good luck.

At this moment, I'm looking forward for a pullback scenario from the upper green trendline refering to the subwave alt count in cyan to bolster towards the bearish continuation trend scenario either in yellow or magenta. Otherwise, market may in progress to complete the unfinish of major wave 2 in white if we found any strong breakout later towards the upper green trendline. Favourably, please look for any bearish entry opportunity from BSTS later. Good luck.

At this moment, I'm looking forward for another bearish continuation trend or a triple bottom scenario either to complete major wave 1 in white or subwave 3 in cyan or wave v in yellow before expecting for any bullish retracement trend. A breakout toward the S3 would bolster to this scenario. Otherwise, please be careful any unexpected earlier bullish retracement trend scenario. Good luck.

At this moment, favourably, I'm looking forward for another bearish continuation trend scenario before expecting for any possibility towards a bullish retracement trend refering to the alt count in white/yellow or magenta. Otherwise, this scenario would not be in favour if there is any breakout towards the upper green trendline. Good luck.

At this moment, I'm looking forward for another pullback senario to perform another bearish continuation trend refering either in yellow or magenta. Otherwise, a true beakout towards the upper green trendline and bullish continuation critical line 1 would indicates that market may in progress to perfom major wave 2 in white before expecting for another bearish continuaton trend scenario. Please be extra careful for tonight NFP announcement at 8.30pm (GMT +8). Good luck and happy weekends.

Preferably, I'm looking forward for another bearish continuation trend either refering to the alt counts in yellow or white. A breakout to the bearish continuation critical line 1 & 2 would bolster to this scenario. Otherwise, please be careful for any breakout towards the upper green trendline that would indicate that major wave 2 still in progress. Good luck.

At this moment, I'm looking forward for any possibility towards a bearish continuation trend scenario either in yellow or white. Otherwise, a breakout to the white/yellow critical line may indicate that wave 2 still in progress (magenta). Therefore, advisable to look for any opportunity towards a bearich continuation trend either in white, yellow or magenta from BSTS later. Good luck.

Now and then I take a look at your analysis because you have a very similar style of trading to me. Thanks for posting your comments and keep em coming.

u r welcome. Good luck and happy trading.

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At this moment, I'm looking foprward for another bearish continuation trend scenario either refering to the alt counts in yellow or white. A breakout to the lower yellow trendline and bearish continuation critical line 1 would bolster towards this scenario. Otherwise, please be careful for any breakout to the upper green trendline and white/yellow critical line. Good luck.

At this moment, please be careful for any bullish continuation trend scenario and a breakout towards the white/yellow critical line. A valid ascending triangle would bolster to this scenario. Preferably, I'm still looking forward market to perform a bearish continuation trend scenario refering to the alt count either in yellow or white. A pullback from the upper yellow horizontal trendline would bolster to this scenario. Therefore, I would still looking for any opportunity towards a bearish entry as long the white/yellow critical line is remain intact. Good luck and happy weekends.

We've got cable struggling at 1.67 with a fib and bearish oscillator divergence. We've got USD/JPY in a nose dive. We've got GBP/JPY with a broken H4 trendline off a bearish wedge in the daily downtrend. And we've got an hourly inside bar. Hmm. Might risk a small sell here.

What does BSTS mean, please?

BSTS stand for Bujang Senang Trading System.

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Chart 1H - At this moment, I believed market in progress to complete subwave 5 in 1 either in magenta or yellow before expecting for any possibility towards a bullish retracement trend to perform major wave 2. Otherwise, we may see a strong bearish continuation trend refering to the alt count in white.

Chart Daily - Preferably, I believed market in progress to perform a major bearish continuation trend scenario to complete major wave 5 either in yellow, magenta or white. Please be careful for any possibility towards a strong bullish retracement trend to perform wave 2 either in magenta or yellow. Good luck.

I'm in a buy position too from 150.15...good one Hasnaa

when it's so obvious it will probably have false breakout to lure everyone in and then will reverse.

i personally dont like trading very obvious and popular patterns but thats just me.