At this moment, I’m looking foward for another bearish continuation trend to perform a diagonal triangle corrective wave abcde pattern refering to the alt count in yellow. Otherwise a breakout to the upper green trendline would indicates that perhaps market in progress to perform wave 2 either in white or magenta before expecting for another bearish continuation trend scenario. Advisable to look for any good opprtunity towards a bearish entry signal from BSTS later. Good luck.
[B]Chart 1H[/B] - Please be noted that I need to do slightly recounts due to the upside trend. Favourably, I believed market in bullish retracement trend to complete wave 2 before expecting for another major bearish continuation trend refering to either the alt count in yellow, magenta or white. At this moment, I’m looking for any opportunity towards the alt count in yellow. Otherwise, please be careful for any breakout towards the upper green trendline. Advisable to look for any bearish entry signal from BSTS later.
[B]Chart Daily[/B] - As long the white/yellow critical line is remain intact, I believed market will perform another major bearish continuaton trend to perform wave iii once wave 2 is completed (yellow). Otherwise, if the line is taken, then perhaps we may see another bullish rally to complete major wave 4 in magenta before expecting for any bearish continuation trend. Good luck.
At this moment, market showed a very strong bullish trend. Favourably, I’m looking forward for a completion for wave 2 in yellow and expecting for another bearish continuation trend to perform corrective subwave a, b and c in cyan. Otherwise, a further breakout towards the white/yellow critical line would indicates that we may see a bullish continuation trend to complete wave 2 in magenta. Good luck.
At this moment, I’m looking forward for a bearish continuation trend to peform corrective wave c in cyan. A breakout toward the S3 would bolster to this scenario. Otherwise, please be careful for any possibility towards a bullish continuation trend refering to the alt count in magenta. Good luck and happy weekends.
[B][U]Chart 1H[/U][/B] - Please be noted that due to the upside trend, therefore I need to do a recounts towards the previous alt counts in yellow and white. At this moment, I believed market in progress to perform wave 2 either in white/yellow (truncated subwave 5) or magenta (impulsive subwave 5/diagonal triangle pattern) before expecting for another bearish continuation trend scenario. Therefore, please confirm either subwave 5 will be a truncated or impulsive from BSTS later before making any short entry. Otherwise if the white/yellow/magenta critical line is taken, all this counts would be invalid.
[B][U]Chart Daily[/U][/B] - Preferably, I believed market in progress to complete subwave 2 in yellow before expecting for another major bearish continuation trend to complete subwave 3,4 and 5 in 5/C. Otherwise, please be careful for any breakout towards the white/yellow critical line that would bolster towards the alt count in magenta. Good luck.
Preferably, I believed subwave 5 in c/2 is already completed (white/yellow) and I’m looking forward market to perform a bearish reversal trend to complete corrective wave a,b and c in cyan or major wave 3. A breakout towards the lower red trendline would bolster to this scenario. Otherwise please be careful for any bullish continuation trend scenario if wave 2 still not complete yet (magenta). Good luck.
At this moment, price already break the lower yellow diagonal trendline. Favourably, I believed market in progress to perform corrective a,b and c either in cyan/yellow or white. A breakout towards the bearish continuation critical line 1 would bolster to the alt count in cyan/yellow otherwise a bounce scenario would indicates that perhap subwave b still in progress (white). Please be noted that both alt counts in yellow and white would be invalid if the white/yellow critical line is taken. Good luck.
Please be noted that due to the bounce scenario at the bearish continuation critical line 1, therefore I believed market in progress to perform corrective wave b (yellow or white) which is more likely a reversal “Head and Shoulder” pattern before expecting for another bearish continuation trend scenario to complete corrective wave in c (yellow or white). A breakout towards the neckline would bolster to this scenario. Otherwise, a breakout to the white/yellow critical line would indicate another bullish rally perhaps to complete the unfinish subwave 5 in 2 (magenta). Advisable to look for any opportunity towards a short entry once corrective wave b (yellow or white) is completed from BSTS later. Good luck.
Due to the breakout towards the bullish continuation critical line 1, therefore the previous alt counts in white and yellow is already invalid. Favourably, I believed market in progress to complete subwave c in 2 either in magenta or the latest alt count in white. A breakout to the pivot would indicate that perhaps market may already in progress refering to the alt count in magenta. Otherwise another bullish rally would indicate that subwave c in 2 may still in progress refering to the alt count in white. Therefore, please confirm either alt counts from breakout towards any critical lines or trendlines. Happy weekends and good luck.
At this moment, I believed more likely market will perform another bullish continuation trend either to complete corrective subwave b in magenta or a truncated subwave 5 in yellow or a diagonal triangle reversal pattern refering to the alt count in white. Therefore, favourably advisable to look for any good bearish entry signal from BSTS later. Otherwise a breakout towards the lower yellow trendline would indicate that perhap corrective subwave c is already in progress. Good luck.
At this moment, favourably I’m looking forward for a breakout towards the lower red trendline to bolster to bearish reversal trend scenario to perform either corrective subwave subwave c in magenta or subwave a,b and c in yellow. A further true breakout to the lower yellow trendline may indicates that perhap market in progress to complete corrective subwave c in magenta. Otherwise if bounce, then maybe market will perform corrective subwave b in yellow. Or otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.
At this moment, I’m looking forward for another bearish continuation trend scenario to perform either a subwave iii in magenta or subwave c in yellow. A breakout towards the bearish continuation critical line 1 would bolster to this bearish continuation trend scenario. Therefore, advisable to look for a possibility towards any completion of either subwave ii in magenta or subwave b in yellow from BSTS later before making any short entry. Otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.
Favourably, I’m looking forward for a bearish reversal trend scenario to perform either subwave iii in magenta or subwave c in yellow. But. please be careful for any bullish continuation trend scenario either to complete corrective wave b in yellow or wave c/2 in white. Therefore, please confirm any scenario from any breakout either towards the pivot or R3 critical lines. Good luck.
At this moment, price already break the upper green trendline. Therefore, please be noted that the alt count in magenta is already invalid. Preferably, I believed market just perform a bullish trap scenario (“throw over” pattern) either a corrective wave b in yellow or wave c/2 in white before expecting for a bearish reversal trend scenario. Advisable to look for any possibility towards a bearish entry from BSTS later. Please be noted that this scenario will be invalid if the respective yellow or white high critical line is taken. Happy weekends and good luck.
[B]Chart 1H[/B] - Favourably, I’m looking forward for a bearish trend scenario either to perfom a correcitve a,b and c in yellow or wave 2 in magenta. A breakout to the lower red trendline would bolster towards this scenario. Otherise, please be careful for any bullish continuation trend to complete the unfinish corrective wave b in white or any breakout toward the yellow or white critical line.
[B]Chart Daily [/B]- Preferably, I’m looking forward for any possibility of major bearish continuation trend to perfom subwave 3 in 5/c in yellow. Otherwise, please be noted that this scenario will be invalid if there is any breakout towards the white/yellow critical line in which would indicates that perhap major wave 4 in magenta still in progress. Good luck.
Please be noted that the previous alt count in yellow is already invalid. Preferably, I’m looking forward for any possibilitiy towards a bearish reversal trend refering to the alt count in white and a “double top/diagonal triangle” reversal pattern scenario. A breakout to thr lower yellow trendline would bolster to this scenario. Otherwise please be careful for any strong breakout towards the bullish continuation critical line 3 or any bullish trap (throw-over) pattern scenario. Good luck.
[B][U]Gbp vs Jpy (1H)[/U][/B] - At this moment, I’m looking forward for a bearish reversal trend to perform corrective wave a, b and c in white. But, please be careful since market is alos in favour to perform another bullish continuation trend to complete a “throw-over/bullish trap” scenario of wave 5/b in yellow. Otherwise we may see another bullish rally (167.59) to complete major wave 4 in magenta. Advisable to look for any opportunity towards a bearish reversal trend scenario either in alt counts in white or yellow.
[B][U]Gbp vs Usd (Daily)[/U][/B] - At this moment, market already reached the upper channel trendline. Therefore, I’m looking forward for any possibility towards a pullback/bearish reversal trend scenario either a completion of major wave 4 in magenta or subwave v in yellow. Otherwise, please be careful since market have a big possibility to perform a bullish continuation trend refering to the alt count in white.
Good luck.
At this moment, I’m looking forward for a bearish reversal trend refering to the alt count in white to perform corrective subwave c. But, please be careful since market may also showed a horizontal triangle pattern (ascending triangle) which may bolsters towards the bullish continuation trend scenario. Therefore, please be careful for any possibility towards a bullish trap pattern (yellow) or a strong bullish continuation trend scenario (magenta). Also please be noted that there will be an announcement of NFP tomorrow 8.30pm (GMT+8). Overall, I’m expecting for a bearish reversal trend either in white or yellow. Good luck.
I had been forecasting a bearish reversal since 8/3/09 but looks like GBP/JPY got stuck in 200 pip rage (162 -160) until after the BOE rate decision yesterday, immediately after which bearish reversal took place.
Seems as if in the week of the BOE rate decision GBP/JPY cease all trends and goes into a sideways range until after.
[B][U]Gbp vs Jpy (1H)[/U][/B] - At this moment. I’m looking forward for a bearish continuation trend to complete corrective subwave c in a refering to the alt count in white. Therefore, please be careful for any bounce or breakout scenario towards the lower red trendline. Otherwise, we may see another bullish continuation trend to complete a “throw-over” pattern wave 5 in yellow or major wave 4 in magenta. Please be careful for NFP announcement tonight at 8.30 pm (GMT+8).
[B][U]Gbp vs Usd (Daily)[/U][/B] - At this moment, price already performed a pullback scenario from the upper green trendline. Therefore, I believed more likely market in progress to perform subwave 4 in yellow before expecting for another bullish continuation trend either to complete a truncated subwave 5 or an impulsive subwave 5. Or, otherwise, a further breakout towards the yellow/white critical line would indicate that perhaps market is already in progress to perform major wave 5 in magenta. Good luck and happy weekends.