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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

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A breakout to my bullish continuation line 2 made my previous alt counts in yellow and white become invalid. Therefore, I need to recount another possible wave count which is refering to new wave count in white, yellow and magenta (previous). Please noted that most probably market in wave 3 (yellow/white/magenta) at the moment and I'm looking for a confirmation for completion of wave 3 before a bearish retracement to perform wave 4 and further later for another bullish continuation to complete wave 5 (an impulsive or truncated). Good luck.
 
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Until this moment, I believed market already in wave 3 extension and price just got rejection after touched the upper major green trendline. I'm looking forward for a retracement phase to complete wave 4 later before another bullish continuation to complete wave 5 (only valid if my retracement critical line still intact). Please noted that wave 5 could be an impulsive wave (magenta) or only a truncated wave (yellow or white).

Summary :

1) Preferably market will be in retracement phase to complete wave 4 before another bullish continuation to complete wave 5.
2) Otherwise if my bullish continuation line 3 is taken, then favourably market already in bullish continuation and this retracement phase would be put into hold position first.
3) Please confirm any entry from BSTS later. Good luck.
 
GJ mungkin akan turun sekitar 209.50 sebelum naik
 
aku ambik another 100 pips lagi la.....208.50.....:p
 
aku ambik another 100 pips lagi la.....208.50.....:p

tahniah.

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I believed wave 4 in progress and looking forward for a completion of wave 4 before another bullish continuation to complete wave 5 either an impulsive wave (magenta) or just a truncated wave (yellow). This scenario would only valid if my retracement critical line still intact. Other we may consider the alt count in white. Please monitor BSTS 3 for any bullish continuation signal later. Good luck.
 
malu la masta jebat sindir2 aku yg nubiz nie.....main redah je tu.........:p
 

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