Gbp vs Jpy 1H, 4H & Daily Pre Market Overview
Chart 1H - Please analyse all possible alt counts and try to determine which one is more favourable according to your trading system. Preferably, I'm looking forward for a bearish continuation trend later next week. Therefore, please look for any good entry signal from BSTS later. Good luck.
Chart 4H - I hope the diagonal triangle pattern is valid for indication of a bearish reversal trend and a breakout to the bearish reversal bias line would bolester this scenario. Anyway please be carefull to the possibility of the alt count in white.
Chart Daily - Price already inside my maroon rectangles zones which is preferable for a bearish reversal trend in magenta. In daily, we can see more clearly the diagonal triangle pattern refering to the yellow trendlines. If this pattern stay valid, then I strongly believed we shall see a major bearish trend later starting next week. Anyway, please be extra carefull for alt count C in yellow.
Summary :
1) Preferably looking forward for a bearish continuation trend for next week.
2) Please analyse all bearish bias alt counts either refering to magenta or yellow or white.
3) A breakout to the bearish reversal bias line would bolster the bearish continuation scenario. Otherwise this scenario would be invalid if there is a true breakout to the bullish continuation critical line 2.
Good luck.
