Daily GBP/JPY analysis

Gbp vs Jpy (1H) - At this moment, I'm looking forward market to make further bearish continuation trend scenario to complete subwave 5 before expecting for any bullish trend. A breakout towards the bearish continuation critical line 1 would bolster to this scneario. Otherwise, please be careful for any breakout towards the pivot critical line.

Eur vs Usd (4H) - At this moment, I'm looking forward for a bullish retracement trend scenario to complete wave b in white (right shoulder of the H & S pattern) before expecting for another strong bearish continuation trend scenario. Otherwise, we may see either an extension of wave a or a "double top" wave b scenario. Good luck.

I'm looking for a solid break out from the flag, or rising wedge formation. Definitely will trade of the lower low here. Chart:

Gbp vs Jpy (1H) - At this moment, I'm looking forward market to perform further bearish continuation trend scenario to complete subwave 5 either in magenta or white. Otherwise, please be careful for any breakout towards the upper green trendline.

Eur vs Usd (4H) - At this moment, a breakout towards the upper yellow trendline would indicate that we may see a strong bullish retracement trend scenario perhaps to complete corrective wave b either in white or yellow (double top). Otherwise, if the bearish continuation critical line 1 is taken, then I believed market already in progress to complete subwave v in aqua.

Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete the major corrective wave C either in white or magenta. Advisable to look for any opportunity to short again from BSTS once the market perform any bullish retracement trend scenario. Good luck.

Favourably, I believed market in progress to complete subwave 5 in white. Otherwise, please be careful for a truncated subwave 5 scenario refering to the alt count in magenta or any strong bounce scenario from the lower red trendline. Good luck.

A nice break out below the trend line and through support. Also a close below the lower low led me to shorts.



We are at a support level now - 132.50.

I expect a retest of the 133.20 area - the purple box.

At this moment, its better to wait for the market to unfold 1st before making any further decission. A valid "diagonal triangle" bullish reversal pattern would bolster towards the alt count in yellow scenario to perform corrective a, b and c. Otherwise, I'm looking forward for a valid "descending triangle" bearish continuation pattern which would bolster towards the alt count in white scenario. Good luck.

waz-up....time to sell the hail out of it...carry trade is looking exhausted....@ 133.80


one hour later 33 pips in the bank....
two hour later 83 pips in the bag
three hour later....gave it all back.....NO, we're not going to that , now are we!

At this moment, a breakout to the yellow critical line would indicate that we may see another bearish continuation trend scenario to complete either subwave v in magenta or white. Otherwise, a breakout to the magenta/white critical line would indicate that market may already in bullish reversal trend scenario to perform subcorrective wave c in yellow. Happy weekends and good luck.

Gbp vs Jpy (4H) - At this moment, the subwave structures is already unfold and therefore I believed market in progress to complete subwave v either in white or magenta. Otherwise, please be careful for any possibility towards a bullish reversal trend scenario refering to the alt count in yellow.

Eur vs Usd (4H) - Favourably, I believed market in progress to complete either subwave v/a in aqua or major corrective wave C in white. Please always be careful for any bullish retracement trend scenario later. Good luck.

Gbp vs Jpy (1H) - At this moment, I believed market in progress to complete subwave 4 either in white or magenta before expecting for another bearish continuation trend scenario. A pullback from the fibo critical lines and follow by a breakout to the yellow critical line would bolster to this scenario. Otherwise, we may looking for a bullish reversal trend scenario refering towards the truncated subwave 5 in yellow.

Gbp vs Jpy (4) - Favourably, I believed market only in bullish retracement trend scenario and once its completed, I'm looking forward for another bearish contiuation trend scenario either to perform a "double bottom" pattern of subwave 5 in white or in magenta. Good lucks.

This is a well known chart formation:

At this moment, I believed market in progress to perform either subwave 4 (white or magenta) or subcorrective wave a (yellow), and once completed, I'm expecting for another bearish trend either to perform subwave 5 in white/magenta or subcorrective wave b in yellow. Therefore, as long the magenta/white critical line is still remain intact, advisable to look for short opportunity from BSTS later. Good luck.

Here's a chart with some hoprizontal S/R levels marked. I have 132.00 marked as a monthly support/resistance level and we can see that it formed good support for over 2 months. Now we retest that level. I am looking for clues around this level.

If the price breaks through, which, knowing this pair, it easily could, there is more resistance at 132.50 and 133.00. Any of these areas could be good for adding shorts.



Careful, this rocket has a very short fuse.

At this moment, a breakout towards the S3 critical line and bearish contiuation critical line 3 would indicate that market in progress to complete subwave 5/v either in white or magenta. Please be extra careful since otherwise, we may see a bullish reversal trend scenario to perform corrective wave c in yellow. Happy weekends and good luck.

thanks for the resistance....i work best on lots of input. that's the most important playing breakouts.

Back up to 132 and retest. Bearish engulfing bar for the start of the way down. Doesn't get much simpler than this does it? Trade carefully she's like a badly treated Alsation bitch...

At this moment, a strong breakout towards the bearish continuation critical line 1 and 2 in important to bolster to the alt count in magenta. Otherwise, we may see a potential bullish reversal trend scenario either in white or yellow (double bottom). Good luck.

coming in 4 weeks or so....true story

OK. I'm not doubting you but do you have a reason, a source or a chart? Thanks.

i completely agree w/ u, but like smikes said, dont just throw claims like that up without backing them with something otherwise people probably won't take you seriously.

Right now, it isn't a true story because it hasn't happened yet, its just a fable. If you show some compelling evidence like charts or fundies to support it, then maybe we are piecing together a great non-fiction novel!