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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

EW is my weakness,
If my target of B is not exceeded and stoch tf 1H n 4H down collectively,I am looking for C which could be at A or lower 203.25-55.Then I ll be looking for genuine up to 208/210 and 212 area.(must be with great momentum as my 3rd wave in count).Hit above predicted B before going down-invalid
just a thought.
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Tadi high 206.13....15pips over my target high.,tentu ada yang add position buy(sapa yg guna wiseman yg pakai fractal tu kan...ataupun ada yang kene sl bg yang short dari bawah..)
Saya ada beberapa reason kenapa tak add position at this area.
1.Bearish divergence using osma 12,26,9
2.dynamic resistance using rad square9 gann at 205.94
3.Stoch H1 n H4 could need room down for up again.
4.AC red or mom lossing strength.
Anyway not short from here at least when confirm down by using tlc on stoch or whatever.
looking forward for long/BOD(buy on dip)...kalau dipping la..
Kalau tak turunpn ok la, ada post yg waiting higher tp.
K,G night.
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TLC and homemade TL to gauge where is the support.As expected ,going down a bit first.
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Most probably wave v (magenta) is already completed and looking forward for a bearish reversal scenario to complete wave a, b & c. But please don't forget about the possibility of count in yellow and white. Please watch closely both lower red trendlines and upper green trendline to determine which alt count is more preferable. Advisable to wait for another bearish reversal entry signal later from BSTS. Good luck.
 
Previous updated forecast due to uploading problem at imageshack. Hereby I upload again the previous updated forecast together with recent forecast. Sorry for the inconvinience.

Yesterday update 11.09 pm

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At this moment, price already hit my TP 2 and due to the breakout of the bullish continuation critical line 1, truncation scenario which is either my previous yellow and magenta alt counts already considered as invalid. Either price will continue upwards or rejected, I only can determine later. Most probably wave v (new alt count in yellow) is already completed and looking forward for bearish reversal trend to start perform soon. Otherwise we may see a strong breakout to the upper major green trendline for bullish continuation (white). Watch closely BSTS 2 tf 1H and 4H for any entry. Good luck.

Latest Update.

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At this moment, I'm looking forward for a completon of wave v and waiting for a good bearish reversal signal from BSTS. Please noted that price already made a breakout to the upper major trendline in daily, therefore please be extra carefull. Either wave v is already completed or there will be another breakout to the bullish continuation crtical line 2 to complete wave v in white, it only can be confirm later. Preferably, wave v already in late stages (maybe completed) and strongly suggested to standby for a bearish reversal signal. Happy trading.
 
My current view.
Last fibo is downward fibo, save? till 61.8%(within channel)
Channel is fibo channel.
Support n resistance Level from gann square nine,input from 199.77.
1 window mom zl n ao.
2 window price trend n volume.
TF1H.

Daily view-flat zig zag correction after 192.54.
Gross view,looking for A?209.90
Own opinion.
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Until this moment, market still in bullish continuation trend. But, advisable to look for a short entry rather then a long which I believed a bullish trend already at the late stages (either yellow or white). But be carefull if there will be a breakout to the bullish continuation line 3. Please noted that there seem to be a diagonal triangle reversal pattern (teal) in the chart. Good luck
 

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