GBP/JPY Technical Analysis

[gmos]

oo.. maknanya major count sekarang ni ada dua option la ye.. putih dan kuning.
sekarang ni dua count nampak sama (putih & kuning) , maknanya ketepatan count sekarang ni adalah tinggi la kan?

next count will be subwave c (purple).
kalau valid letak pending sell stop kat 23.6% at 206.51 pun ngancam gak ni. cuma bila wave iv ni biasa nya tricky sikit..

[Jebatfx]

ya, lebih kurang macam tu la tapi ianya tidalah semudah itu saja. You kena analisa banyak faktor dan data lagi untuk confirmation.

good luck

[Jebatfx]

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.

[Jebatfx]

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.

[Jebatfx]

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.

[Jebatfx]

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.

[Jebatfx]

At this moment, the scenario still like my previous forecast (yesterday update #2). Please refer from BSTS 3 for any continuation signal and BSTS 2 before making any entry. Good lucks.

[gmos]

Originally Posted by Jebatfx

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.

I choose no 3) which is current market still in wave iv.
- further consolidation with more complex correction - [ranges between 203.XX-206.XX]

[Jebatfx]

At this moment, its look like wave 4 still in progress and not complete yet. Is either favourable to count in cyan or yellow. Therefore, advisable to wait for signal from BSTS 3 and BSTS 2 for any bullish continuation signal later. Otherwise if the price break my retracement critical line, then we shall see a different scenario. Good luck.

[Jebatfx]

At this moment, price moving inside my teal triangle and I’m waiting to see any breakout to determine which count is more preferable. I believed most probably wave 4 is a truncated wave and this could apply same to wave 5 later. Please do an analysis to BSTS 2 - Daily to assist you in having a bigger pictures what is the next major trend would be. Please wait for a good signal from BSTS before making any entry. Good luck.