Analysis GBP/JPY

[Jebatfx]

At this moment, I divided the market into 3 possible scenario (alt counts), which is :-

1) Magenta Count - a truncated wave 5 scenario and expecting to perform a corrective a, b and c later.
2) Yellow Count - another truncated of wave 5 which perform a double top to complete major corrective b.
3) White count - a strong impulsive bullish trend to perform wave 3.

Therefore, please analyse all alt counts with your trading system (BSTS) and determine which one is more preferable. Happy weekends.

 

[Jebatfx]

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - Please analyse all possible alt counts and determine what is your trading strategy for next week. Preferably, I'm looking for a bearish reversal trend either to the yellow or magenta. Please be noted that if the double top is valid, then favourably market will perform a truncated wave 5 (yellow). Otherwise if this bullish continuation line 2 is taken, then we may see a trend to complete either refering to the alt count in magenta or white. Please confirm your entry from BSTS signal.

Chart 4H - Preferably, I'm looking for a completion of subwave 5 and b (yellow) before expecting a bearish reversal trend to complete corrective wave C (yellow). A valid double top pattern would bolster this scenario. Otherwise if there is a true breakout to the bullish continuation line 2, this scenario would be invalid.

Chart Daily - At this moment, market in the phase either to complete subwave ii (magenta or white) before expecting for another bearish reversal trend or to complete subwave v (yellow). If level 213.87 standing as a strong resistance, then we may see a bearish reversal trend. Otherwise if this line is taken, then preferably market in the process to complete subwave v and wave C in yellow.

Summary :

1) I'm looking for a bearish reversal opportunity either to the alt count in yellow or magenta. An establishment of a "double top" pattern would bolster the alt count in yellow.
2) Otherwise if the bullish continuation line 2 is taken, then preferably market either to complete subwave v (magenta) or subwave 3 in white (TF 1H & 4H).
3) Please be carefull for any bullish trap scenario.

Good luck.

Extra tips : Please also analyse wave structure in Eur/Jpy and look for any possible entry signal from BSTS.

 

[Jebatfx]

I'm looking forward for a further breakout to the lower red trendline to bolster the "double top" pattern and a bearish reversal trend scenario refering to the alt count in yellow. A strong resistance at the bullish continuation line 2 would favour this point of view. Otherwise, if we found any true breakout to the bullish continuation line 2, this scenario would be invalid. Therefore please watch closely both critical lines which is the bullish continuation line 2 and the bearish reversal bias line. Please be carefull for any bullish trap scenario. Good luck.

 

[Jebatfx]

At this moment, please analyse the alt count in yellow and magenta. Please look carefully at the horizontal triangle corrective pattern (ascending triangle) in yellow. If this pattern is valid, then most probably market in the process to perform a corrective abcde in magenta before expecting for another bullish continuation to complete wave 5 (magenta). Otherwise if the price make a true breakout to the lower yellow trendline and further until the bearish reversal bias line, then preferably market in bearish reversal trend refering to the alt count in yellow. Good luck.

 

[bagindas]

turun la gj ..huhuhuhu

 

[Jebatfx]

Price already reached to the lower yellow trendlines. So either price already completed the corrective subwave e and wave 4 (magenta) before another bullish continuation to complete wave 5 (magenta) or we will see further downside movement to complete subwave c and wave 1 (yellow) for bearish reversal scenario. Therefore please determine which count is more preferable later from any breakout and BSTS signal. Good luck.

 

[Jebatfx]

Until this moment, market showed bullish trend but its look like the trend is getting weak. Therefore please be careful for any false breakout or bullish trap scenario. Unless there is a strong breakout, I believed we shall see a bearish reversal trend later (alt count in yellow). Otherwise, market may going up according to the magenta count. Good luck.

 

[bagindas]

gj nak turun ka...
huhuhu

 

[Jebatfx]

At this moment, please study all possible alt counts (white/yellow/magenta) and determine which one is more preferable according from your analysis. I'm looking for a completion of wave 5 either refering to the alt count in yellow or magenta. Advisable to standby for any possibility of bearish reversal trend to perform corrective a, b and c after completion of wave 5. Therefore, please look for a good bearish reversal signal from BSTS later within this week before making any entry. Unless there is a true breakout to the bullish continuation line 5 and 6, this scenario would still valid. Also please watch carefully those lower red trendline for any breakout or bounce. Good luck.

 

[WnB]

harap2 dia turun n turun n turun lagi