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An Elliot Wave Technical Analysis For GBP Vs JPY

  • #781
  • Sep 5, 2011 7:52pm Sep 5, 2011 7:52pm
Preferably, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow (double bottom) or aqua (bear trap). A valid diagonal triangle pattern would favour to the alt count in yellow scenario. Happy Hari Raya Aidilfitri & Maaf Zahir Batin. Good luck.
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  • #782
  • Sep 5, 2011 8:42pm Sep 5, 2011 8:42pm
Good to see you back Jeb
  • #783
  • Sep 7, 2011 7:30pm Sep 7, 2011 7:30pm
Quoting Betting
Good to see you back Jeb
Tq, happy trading. I'm looking turning point for GJ soon. Careful for trap.

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At the moment, a strong bounce scenario would bolster toward the alt count in yellow. Otherwise, I believe we may see a potential of "Bearish Trap" pattern in aqua before expecting toward any bullish reversal trend scenario. Good luck.
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  • #784
  • Sep 8, 2011 8:38pm Sep 8, 2011 8:38pm
At the moment, a breakout toward the upper green trendline is still yet remain to be seen to determine that market in favour to perform a bullish reversal trend scenario. Otherwise, we may see another larger pattern of diagonal triangle to complete a "bearish trap" scenario in aqua. Happy weekend and good luck.
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  • #785
  • Sep 12, 2011 7:42am Sep 12, 2011 7:42am
Gbp vs Jpy (1H) - At the moment, a strong bounce scenario would bolster towards a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. Otherwise, please be careful for another bearish continuation trend scenario either refering to the alt counts in white or magenta.

Gbp vs Usd (Daily) - Preferably, I believe market may in progress to perform a bearish reversal reversal trend scenario either refering to the alt counts in aqua or yellow. A further breakout toward the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful if market bounce back from the white critical line. Good luck.
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  • #786
  • Sep 13, 2011 7:32pm Sep 13, 2011 7:32pm
Gbp vs Jpy (1H) - At the moment, I'm looking forward for a potential of bullish reversal scenario refering to the alt count in yellow. A bounce from the support critical line would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario(trap).

Gbp vs Jpy (4H) - Preferably, I'm looking forward for an opportunity of bullish reversal trend scenario in yellow. A breakout toward the upper yellow trendline would bolster to this scenario. Otherwise, we may see market perform another bearish continuation trend scenario in magenta. Good luck.
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  • #787
  • Sep 14, 2011 8:12pm Sep 14, 2011 8:12pm
Favourably, I believe the bearish trend is already exausted. Therefore, I'm looking forward for a potential of either a bullish reversal trend in yellow or a bullish retracement trend in magenta. Otherwise, please be careful since market also have potential to re-test the previous support 118.79. Good luck.
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  • #788
  • Sep 15, 2011 8:59pm Sep 15, 2011 8:59pm
At the moment, market just pullback from the R3 critical line. A breakout toward the bearish continuation critical line 1 would favour to the 118.xx scenario (magenta). Otherwise, I'm looking forward for a good opportunity toward a bullish reversal trend scenario either in aqua or yellow. Happy Malaysia Day and good luck.
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  • #789
  • Sep 15, 2011 9:44pm Sep 15, 2011 9:44pm
How about this count? valid?

Quoting Jebatfx
At the moment, market just pullback from the R3 critical line. A breakout toward the bearish continuation critical line 1 would favour to the 118.xx scenario (magenta). Otherwise, I'm looking forward for a good opportunity toward a bullish reversal trend scenario either in aqua or yellow. Happy Malaysia Day and good luck.
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  • #790
  • Sep 20, 2011 7:23pm Sep 20, 2011 7:23pm
Quoting CoolTrader
How about this count? valid?
Hi, yes... got a potential but nobody really can confirm where the turning point will be. Good luck.
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Gbp vs Jpy (1H) - At the moment, I believe market will perform another bearish continuation trend scenario either to complete subcorrective wave b in yellow or the incomplete of subwave 5 in magenta before any potential towards a bullish reversal trend senario. A valid "sub-rising wedge" pattern in magenta would bolster to this scenario.

Gbp vs Jpy (4H) - Favourably, I believe market just in progress to complete a "Bear Trap" scenario which is a typical pattern in diagonal triangle reversal indentification. Either we shall see market to further down until 118.xx before a possible reversal or reversal soon is still yet remain to be seen. Good luck.
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  • #791
  • Sep 22, 2011 7:59pm Sep 22, 2011 7:59pm
Gbp vs Jpy (1H) - At the moment, favourably I believe market will perform another bearish continuation trend scenario either refering to the alt counts in aqua or magenta. A pullback from the pivot critical line or FR 38.2% would bolster to this scenario. Otherwise, we may see a potential bullish reversal trend scenario in yellow.

Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to complete major wave 5. A potential of "Bear Trap" or bullish reversal trend scenario in yellow is still remain to be seen. Happy weekend and good luck.
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  • #792
  • Sep 22, 2011 8:07pm Sep 22, 2011 8:07pm
Hi everyone,

i used to trade this pair, until big downtrend.

had one trade and closed it at some support level i forgot.

Are the long term waves indicating upward movement?

imo, the yen is really strong right now, and for the gbp, who is constantly losing against the usd, and yen is stronger than usd, so basically gbp/yen is still down right?

The old ranging volatile environment was my style before the downdrop.

ADD: im seeing the possible abc correction, but any thoughts on whats coming after?
im not pro in eli waves, but use it to help me with entries, and exits.
Have I got something on my face, SOLDIER?
  • #793
  • Sep 25, 2011 7:41pm Sep 25, 2011 7:41pm
Quoting bumapatria
Hi everyone,

i used to trade this pair, until big downtrend.

had one trade and closed it at some support level i forgot.

Are the long term waves indicating upward movement?

imo, the yen is really strong right now, and for the gbp, who is constantly losing against the usd, and yen is stronger than usd, so basically gbp/yen is still down right?

The old ranging volatile environment was my style before the downdrop.

ADD: im seeing the possible abc correction, but any thoughts on whats coming after?
im not pro in eli waves, but use it to...
Hi, I'm looking and waiting for a possible major bullish reversal trend bro. Happy trading.
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Preferably, I believe market in progress to complete either subwave 4 in magenta/aqua or subcorrective wave a in yellow before expecting for another bearish continuation trend scenario either to perform subwave 5 or subcorrective wave b. A pullback either from the FR 50% or upper green trendline would bolster to this scenario. Good luck.
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  • #794
  • Sep 25, 2011 9:26pm Sep 25, 2011 9:26pm
Quoting Jebatfx
Hi, I'm looking and waiting for a possible major bullish reversal trend bro. Happy trading.
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Preferably, I believe market in progress to complete either subwave 4 in magenta/aqua or subcorrective wave a in yellow before expecting for another bearish continuation trend scenario either to perform subwave 5 or subcorrective wave b. A pullback either from the FR 50% or upper green trendline would bolster to this scenario. Good luck.
many thanks man!
Have I got something on my face, SOLDIER?
  • #795
  • Sep 27, 2011 8:06pm Sep 27, 2011 8:06pm
Quoting bumapatria
many thanks man!
You are welcome. Happy trading.
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Gbp vs Jpy (1H) - At the moment, I'm looking forward for a potential of bearish retracement scenario to complete subcorrective wave b in yellow before expecting for another bullish continuation trend scenario. Otherwise, we may see another bullish continuation trend scenario in white.

Gbp vs Jpy (4H) - Preferably, I'm looking forward for a formation of potential "Inverted Head n Shoulder" pattern in yellow that would favour toward a bullish reversal trend scenario. Otherwise, we may see another strong bearish continuation trend scenario in magenta. Good luck.
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  • #796
  • Sep 28, 2011 6:45am Sep 28, 2011 6:45am
Thanks for your efforts Jeb
"Millionaires don't use astrology, billionaires do"
  • #797
  • Oct 3, 2011 6:51pm Oct 3, 2011 6:51pm
Quoting OrionsWay
Thanks for your efforts Jeb
You are welcome bro. Good luck in your trade.
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At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua (double bottom). Otherwise, please be careful for any breakout toward the bearish continuation critical line 2. Good luck.
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  • #798
  • Oct 6, 2011 6:50pm Oct 6, 2011 6:50pm
At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. A breakout towards the upper green trendline would bolster to this scenario. Otherwise, please be careful for another extension or major wave 5 in magenta. Happy weekend and good luck.
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  • #799
  • Oct 10, 2011 8:07pm Oct 10, 2011 8:07pm
At the moment, a breakout toward the aqua lower trendline would bolster to the bearish retracement trend scenario refering to the alt count in yellow. Otherwise, I believe market will perform another bullish continuation trend scenario perhap to complete a "diagonal" triangle" bullish trap pattern in aqua. Good luck.
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  • #800
  • Oct 13, 2011 7:02pm Oct 13, 2011 7:02pm
At the moment, I'm looking forward for a potential of bearish retracement trend scenario to complete subwave 2 in yellow. A breakout toward the lower red trendline and follow by a strong bounce either from Fr 50% or 61.8% would bolster to this scenario. Otherwise, please be careful for another bearish continuation trend scenario in aqua or magenta. Good luck.
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