GBP/JPY Technical Analysis - Forex

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I'm looking forward for any bearish continuation trend to bolster the alt counts either in magenta or yellow. A breakout towards the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any bounce scenario. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, market still in the bearish channel and the white critical line is still remain intact. Preferably, I'm still looking for any opportunity towards the bearish continuation trend scenario (magenta or yellow). A breakout towards the white critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the upper green channel trendline. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, price already break the white critical line and the bearish continuation critical line 1. Therefore, I'm looking forward for a further bearish continuation trend scenario to complete a major corrective wave B in 5 bearish wave structures (yellow). But please be extra careful for any possibility to a bullish continuation trend scenario according to the alt count in magenta or a bullish retracement trend scenario to complete subwave ii in yellow. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, price already near the major lower red trendline and the lower channel red trendline. Therefore, please be careful for any bounce scenario, favourably to complete subwave ii either in white or yellow before expecting for another bearish continuation trend to complete major corrective wave B. Otherwise, please be careful for any bullish continuation trend scenario to complete wave 3 in magenta. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I can divided market into 3 possible scenario which is :

1) Yellow - market will perform an extension of wave i in yellow which is consist of an extension of subwave v in 3(cyan).
2) White - market will perform a truncated wave i in white.
Please be noted that both alt count is expecting for a furher bearish continuation trend to complete major corrective wave B.
3) Magenta - market will perform a bullish continuation trend to complete wave 3.

Preferably, I'm looking forward for a further bearish continuation trend scenario either in alt counts in yellow or white. A further breakout towards the major lower red trendline that would bolster to this scenario is still remain to be seen. Good luck and happy weekends.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, price already at the major lower red trendline. Preferably, I'm looking forward for a further breakout to complete subwave v in 3 (cyan). Otherwise, please be careful for any bounce scenario either refering to the alt count in white or magenta. Favourably, I believed market in progress to perform a major bearish retracement trend to complete wave B either in white or yellow. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

Preferably, I'm looking forward for a bearish trend to be perform to complete wave iii either in white or yellow. A true breakout towards the major lower red trendline would bolster this scenario. But please be noted that, market have to perform 5 subwave structures if the scenario is valid. Otherwise, please be careful for any bullish continuation trend and any breakout towards the white/yellow critical line. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I'm looking forward for a bearish reversal trend refering to either the alt count in white or yellow. Otherwise, please be careful for any breakout toward the yellow critical line. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, please be careful for any horizontal triangle bullish continuation pattern scenario refering to the alt count in magenta. Favourably, I'm still looking for any bearish reversal opportunity refering towards the alt counts either in yellow or white. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

Due to the market scenario, I have to did some adjustment to both alt counts either in yellow or white. Most likely, market in progress to perform a complex abcde corrective pattern either in magenta (impulsive) or yellow (truncated - 5 in b). Otherwise, if market continue further to the downside, then most probably corrective wave b is already completed (white). Advisable to look for any bearish entry signal from BSTS later. Happy weekends and good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I'm looking forward for a valid diagonal triangle and triple top reversal pattern to bolster towards either the alt counts in white or yellow. Otherwise, please be careful for any bullish continuation trend refering to either the latest gray alt count or magenta. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I'm looking forward for a bearish reversal trend refering toward the alt counts either in white, yellow or at least gray. A breakout to the lower yellow trendline and a valid triple top and diagonal triangle (rising wedge) bearish reversal pattern would bolster to this scenario. Otherwise, please be careful for any breakout towards the white/yellow critical line. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I believed market just performed a "Throw-Over" pattern which is a bullish trap scenario. Therefore, preferably I'm looking forward for a bearish reversal trend later refering either toward the alt count in white or yellow. But, please be careful for any strong bullish continuation trend refering to the alt count in magenta. Advisable to look for any bearish reversal entry signal from BSTS later. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, I believed market just performed a "Throw-Over" pattern which is a bullish trap scenario. Therefore, preferably I'm looking forward for a bearish reversal trend later refering either toward the alt count in white or yellow. But, please be careful for any strong bullish continuation trend refering to the alt count in magenta. Advisable to look for any bearish reversal entry signal from BSTS later. Good luck.

Jebatfx · PJNet Junior Joined: Feb 23, 2008 Posts: 812

At this moment, the lower yellow trendline still remain intact. Preferably, I'm looking forward for a breakout towards the downside to bolster the bearish reversal trend scenario. But please be careful if the "throw-over" scenario is still unfinish. Good luck.