Daily GBP/JPY analysis

it's the carr....oh, never mind

It looks like GBP/JPY has dropped to the 148 support level to give us a second bounce - so a long is looking good with a target at 153 and a stop at 147. What do you think?

Yes I'm targeting a short on GBPJPY but the upsurge Thursday of 150 pips stopped me out. Then it shot back down to the target low ten minutes after I went to sleep. Seems I need 500 pip stops on the daily timeframe to allow for whipsaws in weekly swings.

At this moment, I believed market in subwave 4 in aqua before expecting for another bearish continuation trend to complete subwave 5 in c (white or magenta). Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.

Chart 1H - Preferably, I believed market will perform a bearish continuation trend to complete subwave 5 in cyan. A breakout towards the lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout towards the upper green trendline.

Chart Daily - Favourably, I'm looking forward market to perform a major wave 3 in magenta. Otherwise, please be careful for any bull rally and any breakout to the major upper green trendline which would indicate that perhap major wave 2 still in progress (white) or market already in bullish reversal trend to complete major wave a in yellow (truncated scenario). Good luck.

I shorted at 148.143 on Sunday. So far it's sloooowwwllllllly downward with some nice pullbacks for more dollar-cost-averaged shorts.

At this moment, please analyse carefully all 3 possible alt counts in the chart (magenta, white and yellow). Favourably, unless market perform a strong breakout towards the s3 critical line (magenta - corrective abcde scenario), then I believed we shall see another bullish trend to complete the unfinish wajor wave 2 in white before expecting for any strong bearish continaution trend scenario. Please be careful trading within this week since its a NFP week (Friday 9.30 pm GMT +8). Advisable to wait for the market to unfold 1st before making any decission to enter the market. Good luck.

Some really nice "short-reload" swings at 150. Watching them slide down a few hundred pips. Euro trading seems so boring now.

Chart 1H - Please be noted that both alt counts in magenta and aqua is already invalid. Preferably, I believed market in progress to complete major wave 2 in white before expecting for another bearish continuation trend scenario. Otherwise, please be careful for any "double top" scenario (unfinish major wave 2) or any breakout towards the white critical line.

Chart Weekly - Favourably, I'm looking forward for a possibility for major bearish continuation trend refering to the alt count in white scenario. Otherwise, please be careful for any breakout towards the major upper green trendline (yellow). Good luck.

hey are u using any soft ware in ur mt4 for elliot wave..

cheer vib

here u go

Gbp/jpy 4 hour Posibilty..


Flat-X-Triangle

Flat-X-Zigzag-Xx-Zigzag

Flat-X-Zigzag

Drigonal
http://i37.tinypic.com/263tqah.png

Expand Triangle

Impulsive

ASCENDING triangle

Double three…exdflat

http://i33.tinypic.com/2h2oxlz.png




LATEST CHART>


cheer vib

tq for sharing. Nice analysis. Good luck

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At this moment, I'm expecting market to perform another bearish trend either in white or magenta (double top). Otherwise, please be careful for any breakout towards the magenta critical line. Please be noted about the NFP announcement tonight (9.30 pm GMT +8) and please be careful. Good luck and happy weekends.

Gbp vs Jpy (1H) - At this moment, I'm looking forward for a bearish reversal trend either in white or magenta. Therefore, advisable to look for any opportunity towards a bearish entry signal form BSTS later. A pullback from the upper green trendline would bolster towards the alt count in white. Otherwise, please be careful for any bull trap scenario.

AUD (Daily) - At this moment, I believed the bullish trend will going to end soon either refeing to the alt counts in white or yellow (double top). A diagonal triangle pattern in wave 5 indicates that market already in ending stage of bull. Therefore, advisable to look for any opportunity toward any bearish reversal entry signal from BSTS later. Please be careful for any false breakout or bullish trap scenario. Good luck.

At this moment, I'm looking forward for an opportunity towards a bearish reversal trend either in white or magenta. Please be careful for any "bullish trap" or "double top" scenario. Good luck.

Favourably, I'm looking forward market to perform a bearish reversal trend to complete corrective wave c in white. Otherwise, please be careful for any bullish continuation trend to complete the unfinish wave 5 in magenta or any "bull trap" scenario. A breakout towards the lower red trendline would bolster to the alt count in white scenario. Good luck.

Preferably, I believed market will perform a berish continuation trend to complete subcorrective wave iii in c (white). Otherwise, please be careful for any breakout towards the upper green trendline which would indicate that wave 5 in magenta still in progress before expecting for any bearish reversal trend. Good luck.

At this moment, favourably I'm expecting for any possibility towards a "pullback" scenario from the upper green trendline to complete subwave iii in white. A breakout to the pivot and S3 critical line would bolsters to this scenario. Otherwise, please be careful for any "bull trap" or a " double top" scenario. Happy weekends and good luck.

Been goin long since 148.62. Good roller coaster ride

Gbp vs Jpy (1H) - At this moment, the lower red trendline still remain intact. Therefore, please be extra careful since market may perform another bullish trap scenario refering to the alt count in magenta before we can expecting for a bearish reversal trend scenario. Otherwise, if the lower red trendline and the bearish continuation critical line 1 is taken, then I believe market already in progress to complete subwave iii in c (white).

Gbp vs Jpy (Daily) - Favourably, I'm looking forward market to perform a major bearish continuation trend scenario either in white (wave 2 completed) or magenta (wave 2 still in progress).

Gbp vs Usd (Daily) - At this moment, I'm looking forward market to complete corrective wave b either in magenta or yellow before expeting for a bearish reversal trend to complete corrective wave c. A diagonal triangle pattern indicate that perhap bullish trend is already exausted. But please be careful for any common bullish trap scenario in those pattern.

Gbp vs Usd (Monthly) - Preferably, I'm looking forward market to perform a major bearish trend either to perform corrective wave c in yellow or major wave 5 in magenta.

AUD (Daily) - A diagonal triangle pattern indicate that the bullish trend since march 2009 is in ending stage (exausted). Therefore, advisable to look for any opportunity towards a bearish reversal trend scenario to perform corrective wave a,b and c in white. Otherwise, please be careful for a "double top" scenario to complete wave v in 5 before we can expecting for any bearish reversal trend. Good luck.

We have got an IB on daily and an inside pin so as expected the pirice moves down and should break one or another way, the volatility ratio 6/100 days is 79% so a litle too high but the setup is quite simple, the result - who knows...

Peter