1- Finsh Pullback of Double Top and bigining Down trend to 130.50 .
That 130.50 target of DoubleTop.( Picture )
It may go up to 149 or 151.30 . But ...
But Down trend is Ensure.
Ignored
I have to agree with freeman2008 regarding his analysis. I was pretty much predicting the same thing before I came across this thread. I still think there's some more room for it to go up to maybe 151 to find some resistance around the 50% fib or even to 153 to the 987 fib sequence, but of course anything can happen. Once it does start to reverse back, I believe our target will be down to 137. Good luck and happy trading.
Gbp vs Jpy (1H) - At this moment, I'm expecting for a bearish retracement trend to perform corrective wave 4 in magenta before expecting for another bullish continuation trend either an impulsive or a truncated wave 5 later. Otherwise we may see another bullish rally to perform an extension of wave 3 or wave 5 is already completed and we shall see a bearish reversal soon (white).
Gbp vs Jpy (Daily) - At this moment, I'm looking forward for another major bearish continuation trend once wave 2 is completed either in white or magenta. A pullback scenario from the major upper green trendline would bolster towards this scenario. Otherwise, please be careful for a truncated major wave 5 in yellow which indicates that market is already in major bullish reversal trend in a, b and c.
Gbp vs Usd (Daily) - Preferably, I'm looking forward for another bearish continuation trend scenario either in yellow or magenta. A pullback from the major upper green trendline would bolster towards this scenario later. Otherwise, please be careful for another bullish continuation rally refering to the alt count in white scenario.
Gbp vs Usd (Monthly) - More likely, I believed market in progress to complete corrective wave b either in magenta or yellow before I'm expecting market to perform a major bearish continuation trend scenario to complete subwave c. Good luck.
At this moment, I'm looking forward for a possibility toward either a bearish reversal trend (white) or a bearish retracement trend (magenta) scenario. Therefore, advisable to look for any opportunity towards a bearish entry signal from BSTS later. Otherwise, please be careful for any strong bullish rally and a breakout towards the white critical line. Good luck.
At this moment, please be noted that an ascending triangle (yellow triangle) pattern may indicate that we may see another bullish continuation trend refering either towards the alt count in magenta or yellow. Otherwise, a breakout towards the lower yellow trendline may bolster to the truncated scenario refering to the alt count in white. Therefore, please wait for any breakout to determine which alt counts that is more favourable. Good luck.
At this moment, please be noted that an ascending triangle (yellow triangle) pattern may indicate that we may see another bullish continuation trend refering either towards the alt count in magenta or yellow. Otherwise, a breakout towards the lower yellow trendline may bolster to the truncated scenario refering to the alt count in white. Therefore, please wait for any breakout to determine which alt counts that is more favourable. Good luck.
Ignored
This is an analysis based on scientific principles of technical analysis classic. But breakout from the top of the triangle , up to 152.30 and then down to 139 and 130.50
. . . breakout from the top of the triangle , up to 152.30 and then down to 139 and 130.50
Ignored
I suggest 151.32 as the expected high for this week but we would only see this level IF we can close comfortably above 149.41 so I suggest that traders exit their long at 149.41 and then wait to confirm the next move. In my opinion, the next move would most likely be DOWN to 143.2x and then maybe 141.3x for this week. Happy trading!
At this moment, I'm looking forward for a completion or subwave 5 either in white, magenta or yellow before expecting for a bearish reversal trend to perform corrective subwave a, b and c. Therefore, advisable to look for any possibility towards a completion of subwave 5 scenario before making any short entry. Good luck.
At this moment, I'm looking forward for a completion or subwave 5 either in white, magenta or yellow before expecting for a bearish reversal trend to perform corrective subwave a, b and c. Therefore, advisable to look for any possibility towards a completion of subwave 5 scenario before making any short entry. Good luck.
Chart 1H - At the moment, I'm looking forward for a bearish reversal trend scenario to perform corrective subwave a, b and c in magenta. Otherwise, please be careful for any extension of subwave 5 or a "bull trap" scenario.
Chart Daily - Favourably, I'm looking forward for a "pullback" scenario from the major upper green trendline and a completion of wave 2 either in magenta or white to perform a major bearish continuation trend in wave 3. Otherwise, please be careful for any false breakout scenario or a strong breakout towards the major upper green trendline. Good luck and happy weekends.
At this moment, I'm looking forward for another bearish continuation trend to complete subcorrective wave c in magenta. A further breakout to the lower red trendline and bearish continuation critical line 1 & 2 would bolster towards this scenario. Otherwise please be careful for any breakout towards the magenta critical line which perhap to perform the unfinish subcorrective wave b in white or the white critical line. Good luck.
At this moment, I'm looking forward for a further bearish continuation trend scenario to complete subcorrective wave c in magenta. Otherwise, please be careful for any bullish trend either to complete the unfinish subcorrective wave b in white or subwave 5 in yellow. Good luck.
At this moment, I'm believed market in bearish continuation trend to complete subcorrective wave c either in magenta or aqua. Please be careful for any possibility towards a bullish retracement trend scenario to perform subwave 2 in magenta. Good luck.
Please be noted due towards the strong bullish trend yesterday, therefore the previous alt count in magenta and aqua is already invalid. At this moment, I'm looking forward towards another bearish continuation trend scenario to perform subcorrective wave c once subcorrective wave b is completed either in white or magenta. Please be careful for any "double top" or bullish trap scenario. Otherwise, we may see another strong bullish continuation trend scenario refering to the alt count in yellow. Good luck and happy weekends.
