Daily GBP/JPY analysis

At the moment, due to the yesterday strong pullback, there previous alt counts in aqua and white is already invalid. Preferably, I'm looking forward for a potential of bullish reversal trend scenario opportunity either refering to the alt counts in yellow or aqua. Otherwise, I believe we may see an extension of corrective wave a in white. Good luck.

possible turning point.

At the moment, I believe market in progress to perform either subwave 3 in aqua or yellow. Please be noted that market have a potential to perform a retracement trend to complete subwave 4 in aqua before another bullish continuation trend scenario. Otherwise, please be careful for any breakout toward aqua/yellow critical line. Good luck.

up move very good...

but as well keeping in mind not be greedy...

closed my long positions and left 1 open adjusted stop to breakeven. hehe Yahoo.

bouncing down now touched a major strong resistance :-)

looking forward a retracement down to 127.00?

hmmm...

observe mode :-)

oops there is a news on gbp later tonight...

Closed another position on GJ long.

Have enough for the day for GJ.

Watch movie now.. :-)

Good luck traders :-)

Next possible turning point.
Bit early but we'll see.

Preferably, I believe market in bearish retracement trend scenario to complete subwave 4. Therefore, I'm expecting market to perform another bullish continuation trend scenario either to complete a truncated of subwave 5 (yellow or aqua) or an impulsive subwave 5 (white). A strong bounce from FR 61.8% critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the bearish continuation critical line 1 and 2. Happy fasting weekend and good luck.

we'll see soon enough.

GBPJPY 240min:

http://www.screencast.com/t/CJiPoD6GMBV

beeb

what is happening

At this moment, I'm looking forward for another bullish continuation trend scenario either to complete subwave 5 in yellow, aqua or white. A breakout toward the bullish continuation critical line 1 would bolster to this scenario. Otherwise, I believe we may see a truncated scenario of subwave 5 in magenta to perform subcorrective a,b and c. Good luck.

At the moment, I believe market already completed a truncated scenario of subwave 5. Preferably, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow, aqua or white (double bottom/bearish trap). Good luck.

if price doesn't make a lower low, consider this.

At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in aqua (Inverse HnS), white (double bottom) or yellow (Bear Trap). Otherwise, please be careful for any strong breakout toward the bearish continuation critial line 3. Good luck.

At the moment, I believe the bearish trend is already exausted therefore I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in white or yellow. Otherwise, please be careful for a potential of another trap pattern in aqua (diagonal triangle). Good luck.

my view.

is everyone on vacation?

All GBP/JPY trades. It's been a really good month! All manual trading, no EA's used to initiate trades. I do use an EA to close all trades when profit levels are hit.