An Elliot Wave Technical Analysis For Gbp Vs Jpy

[puyu]

tq jebat..analisis ekau mmg membntu den..hihihi

 

[Jebatfx]

tq jebat..analisis ekau mmg membntu den..hihihi

sama sama, hati hati trade.

Due to the latest market situation, I divided market into 3 possible scenario which is :

1) Magenta - market is progress to perform subwave ii in 3 before expecting for another bullish continuation to complete subwave iii in 3.
2) Yellow - market in progress to perform wave 2 (lower trendline) before expecting for another bullish continuation to complete wave 3 in C.
3) White - market in progress to perform wave 2 before expecting for another bullish continuation to complete wave 3 in c.

Advisable to look for any bullish continuation entry signal later from BSTS. Happy weekends and good luck.

 

[Jebatfx]

At this moment, the waves is getting more complicated. Preferably, I'm looking forward for a bearish retracement trend either to complete subwave 2 in yellow or corrective wave b in white. A valid diagonal triangle pattern, bullish trap scenario and a breakout to the lower white trendline would bolster towards the alt count in white. Otherwise market have to make a strong breakout toward the bullish continuation critical line 2 to bolster the alt count magenta (which is look slightly invalid). Please be extra careful. Good luck.

 

[Jebatfx]

Please be noted that due to the breakout, I made a recount referring to the alt counts in yellow and white. Eventhough, favourably market in bullish trend (maybe magenta) but please be extra careful, since I believed market will perform a bearish retracement trend either to complete the latest alt counts either to perform wave in white or major corrective wave b in yellow within this week. A bulllish trap and double top scenario would bolster this scenario. Otherwise we may see another breakout to complete subwave iii in magenta (please refer FE 161.8%). Good luck.

 

[Jebatfx]

Favourably, I believed market in bearish retracement trend either to perform wave 2 in white or major corrective wave b in yellow before expecting for another bullish continuation trend. Therefore, please watch all critical lines and trendlines for any breakout to confirm. Good luck.

 

[Jebatfx]

At this moment, I'm looking forward for an opportunity of bearish retracement trend either referring to the alt count in white or yellow before expecting for another bullish continuation trend later. But please be extra careful, since subwave b (cyan) could perform a double top pattern. As long the yellow critical line is remain intact, this scenario would still be valid. Good luck.

 

[Jebatfx]

Preferably, I believed market in progress to perform corrective subwave b in cyan before expecting for another bearish continuation trend to perform either wave 2 in white or subwave c in b (yellow). But, please be careful for any breakout towards the yellow critical line. Good luck.

 

[Jebatfx]

Favourably, I'm looking forward for a major retracement trend to perform major corrective wave b in 5 downtrend wave structures according to the alt count in yellow. But, please be careful for any horizontal triangle corrective pattern abcde referring to the alt count in magenta. Therefore, please confirm any possibility trend from BSTS and any breakout later. Good luck and happy weekends.

 

[Jebatfx]

Preferably, I'm looking forward for a bearish retracement trend either to complete subwave 2 in white or major corrective wave b in yellow. A further downside woudl bolster this scenario. But, please be careful for any upsidea trend referring towards the alt count in magenta. Good luck.

 

[Jebatfx]

At this moment, I believed the alt count in magenta is already invalid. Therefore, unless there is any bounce from the major lower white trendline (white), I'm believed market will perform a bearish continuation trend to perform subwave iii in b (yellow). Please be careful and confirm which alt counts (either in white or yellow) that is more preferable from BSTS and any breakout later. Please be noted, there will be an NFP announcement this friday. Good luck.