GBP/JPY Technical Analysis

[havenoidea]

1 hour charts
line break out method
box method
3 pivots method
abc, 123, 12345 method
patterns candles method
fibonacci retracement method

THAT are i see what you used to predict the trend...what else i miss ?

[Jebatfx]

I'm looking for a big "Double Top" (blue rectangle) to be establish later. I'm still prefer for Bearish Reversal trend to be happen later. Watch closely the short critical line. As long the short critical line has not been taken, Bearish Reversal speculation would still be valid. A strong breakout to the lower trendline will boilster this point of view. Otherwise we shall see a Bullish Continuation later. Preferable - Bearish Reversal.

[Jebatfx]

well i dont wanna make u feel bad, make u should make a decision clearly...

no MAYBE, no emotion invole

Well, in forex, there are always an alternate count you need to consider. Eventhough how good you are in forecast, you never can be 100% sure what will going to happen later in the market. Don't worry about what I feels, nothing can harm my feeling especially in this small matters. To be honest, why don't you post your chart so we always can change an idea from individual perspective of whats going to be happen later in market.

tq

[havenoidea]

Well, in forex, there are always an alternate count you need to consider. Eventhough how good you are in forecast, you never can be 100% sure what will going to happen later in the market. Don't worry about what I feels, nothing can harm my feeling especially in this small matters. To be honest, why don't you post your chart so we always can change an idea from individual perspective of whats going to be happen later in market.

tq

great u are so straight
i used OBV + 20,50,200 sma

2 candles break below the trend line, so the trend is over so it is sideway, bull, bear ? dont know
but the OBV still strong so i prefer sideway

AND ALSO STEP BACK TO 4HRS CHARTS, I SEE A 50,200SMA SUPPORT (STRONG) plus the bull trend just start at 4hrs
i prefer strong bull AT 4HRS charts

step to smaller timeframe trade sideway strategy

[Jebatfx]

Market already show a very strong Bearish Reversal. I believed the price in the process of making wave c downtrend and a "Double Top" can be considered to be establised but how far it will go, we still need to wait and see any signal from BSTS later. A breakout to the lowest trendline would boilster this bearish reversal speculation. Preferable Bearish Reversal.

[Jebatfx]

great u are so straight
i used OBV + 20,50,200 sma

2 candles break below the trend line, so the trend is over so it is sideway, bull, bear ? dont know
but the OBV still strong so i prefer sideway

AND ALSO STEP BACK TO 4HRS CHARTS, I SEE A 50,200SMA SUPPORT (STRONG) plus the bull trend just start at 4hrs
i prefer strong bull AT 4HRS charts

step to smaller timeframe trade sideway strategy

Nice chart dude. Good luck in your trading

[Jebatfx]

The price already reached my TP at the moment. Either there will be a Bearish Continuation or a bullish retrace to fibo 50%, we need to wait and see. From my point of view, I believed the price should retrace back to maybe fibo 50% to perform a "Head & Shoulder" pattern before another Bearish Continuation to complete wave c. Or there are a Bearish Continuation until FE 100% before the price start to retrace back. Its a very high risk if you make a long entry at the moment. Watch the lowest trendline and the DT bearish channel trendline. As long as the price going down following the Bearish Channel Trendline, the Bearish Reversal speculation would still be valid. Wait for a good signal from BSTS before making any entry.

[Jebatfx]

I believed the price will make a retracement again to perform a "Head & Shoulder" pattern before start to DT again to complete wave c. Or another count is there will be a Bearish Continuation to complete wave c (a b c in white). Unless the price break the upper DT trendline, the Bearish Reversal speculation would still be valid. Preferable - A Retracement before another Bearish Continuation

[Jebatfx]

At the moment, the market in Bearish Continuation preferable until FE100% and there is no signal yet for any reversal (correction).

[Jebatfx]

I believed the market in correction phase (retracement) to complete wave b (yellow) and further later will going down again to complete wave c. As long as the price not breaking the short critical line, a Bearish Continuation would still be valid. Otherwise, a Bullish Reversal idea came cross to my mind (alt count a b c in white). Watch carefully the trendlines and those critical points before making any decission. Wait for a good signal from BSTS before making any entry.