Analysis GBP/JPY

[salleh]

kalo tahu EW mesti x pening...
hehehe...

 

[Jebatfx]

ya, slow slow blaja Elliot Wave Trading Strategy. Insya Allah, satu hari nanti pandai jika rajin.

Price have to make a breakout from the teal triangle either to the upper or lower trendlines. Please be carefull for any bullish trap or false breakout to the upper green trendline. But if the price continue moving upwards until break the bullish continuation line 1 and 2, the bearish continuation trend would be in major doubt. Preferably, I'm still looking for any possible bearish trend to complete corrective wave c (magenta or yellow). Good lucks.

 

[azraneus]

This week corrective market will be more worst. Range getting shorter...

 

[Jebatfx]

Please noted that the alt count in magenta is already invalid. Price just bounce back from the major lower red trendline and I'm looking forward for another attempt later. Please analyse both counts (yellow and white) and try to determine which one is more favourable from BSTS. Good luck.

 

[Jebatfx]

Until this moment, the major lower red trendlines still stand as a strong support and a true breakout would bolster the bearish continuation trend scenario. But please be carefull any strong bounce which is would favour to the alt count in white. Preferably, I'm looking forward for a bearish trend later within this week. Good luck.

 

[azraneus]

puas kene libas atas bawah semalam? hehe..sape pakai mbt mesti berpeluh semalam...

analisis hari ni, aku masih lagi berasa gj masih sideway....tapi aku x sukat brape range dia....

 

[Jebatfx]

Until this moment, price already break the lower yellow trendline but bounce back from the major lower red trendline. I'm looking forward for a another downside movement (2nd attempt) and a true breakout would bolster either the alt count in yellow or magenta scenario. Otherwise please be carefull for any breakout to the 212.40 h-line. Good luck.

 

[Jengelotmaniac]

If price can cross 211.78 ( strong resistent ) now Bull target 212.40 or 212.60 is a good TP hope so

 

[Jebatfx]

I believed subwave 2 (cyan) is already completed and looking forward for a bearish continuation to complete subwave 3 (cyan). As long the price moving inside the downtrend channel trendline, this scenario is valid. Otherwise if the price make a breakout to the upper green trendline, this scenario would be in doubt. Please analyse all critical lines and good luck.

 

[Jebatfx]

At the moment, market in hedging phase and still inside the downtrend channel. Its hard to determine which trend is more preferable right now. Also please be extra carefull regarding the ascending triangle pattern if valid and don't forget to protect your entry with SL. Please refer towards more bigger TF as your control trading strategy such as BSTS 2 Weekly. Good luck.