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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

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Unless we have a true breakout to the bullish continuation line 4, I believed we shall see a retracement phase to complete wave 4 and later a bullish continuation to complete wave 5 for this week with condition the retracement critical line is not been taken. Please study all possible counts and my previous Pre-Market Overview post. Please wait a good signal from BSTS before making any new entry. Good luck for this week trading.
 
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At this moment, price moving downwards performed a bearish trendline channel. Therefore, got 2 possibility which is either abc in magenta or abc in cyan. I’m waiting for a bearish continuation or a bullish reversal signal from BSTS. Tips -Please wait for a complete bullish reversal signal from BSTS before making any entry later. Good luck.
 
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At this moment, we have 2 main possibility which either this downtrend refering to wave 4 or just only a. The strength and volume preferably indicates for wave 4 but it just look to simple for wave 4. But overall, unless the retracement critical line is taken, this wave 4 scenario would still be valid. Expecting for a bullish reversal signal later from BSTS for wave 5. Please take notes for all the critical lines. Good luck.
 
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I’m still waiting for a bullish reversal signal from BSTS. Therefore, I indicates the suggested possible bullish reversal count for wave 5 later if VALID which is either the cyan or magenta count. Please make a long entry only if there is a good signal from BSTS. Otherwise, we may see further bearish continuation later. Also just to remind, wave 5 could be a truncated wave (yellow/magenta count). So its not necessarily if the price start to bullish soon, it will follow the white/cyan count. Good luck.
 
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merujuk chart di atas ada kemungkinan price ke 211.xx atau 214.xx sebelum menjunam ke 200.xx Price x stabil in carry trade krn dlm pra major reversal, proses ini akan berlaku dlm julat 1000 ke 1500 pip atas bawah sebelum mendapat kestabilannya.

TQ
 
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At this moment, we have 3 possibilities which is :-

1) Wave 4 is completed - wave 5 in progress favourably in yellow count.

2) Wave 4 is completed - wave 5 in progress favourably in white count.

3) Wave 4 still not complete - in cyan count

So, please becarefull until we can see the real trend later. Good luck.
 

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Currency
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EUR / USD
1.14807
USD / JPY
156.679
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1.33897
USD / CHF
0.82214
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EUR / JPY
179.878
AUD / USD
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