Gbp vs Jpy 1H

Finally the price reached my TP for the alt count in white. I'm still looking for a bearish reversal trend and as long my bullish continuation line 3 still intact, plus if the supposed to be a diagonal triangle pattern (teal) and a throw-over pattern (yellow rectangle) stay valid, this will bolster for reversal scenario. Otherwise we may see a further bullish continuation which is refering as an extension of wave v scenario (yellow). Happy weekends.

Gbp vs Jpy 1H Update #1

Until this moment, market still in bullish continuation trend. But, advisable to look for a short entry rather then a long which I believed a bullish trend already at the late stages (either yellow or white). But be carefull if there will be a breakout to the bullish continuation line 3. Please noted that there seem to be a diagonal triangle reversal pattern (teal) in the chart. Good luck

Gbp vs Jpy 1H

At this moment, I'm looking forward for a completon of wave v and waiting for a good bearish reversal signal from BSTS. Please noted that price already made a breakout to the upper major trendline in daily, therefore please be extra carefull. Either wave v is already completed or there will be another breakout to the bullish continuation crtical line 2 to complete wave v in white, it only can be confirm later. Preferably, wave v already in late stages (maybe completed) and strongly suggested to standby for a bearish reversal signal. Happy trading.

Gbp vs Jpy 1H Update #1

At this moment, price already hit my TP 2 and due to the breakout of the bullish continuation critical line 1, truncation scenario which is either my previous yellow and magenta alt counts already considered as invalid. Either price will continue upwards or rejected, I only can determine later. Most probably wave v (new alt count in yellow) is already completed and looking forward for bearish reversal trend to start perform soon. Otherwise we may see a strong breakout to the upper major green trendline for bullish continuation (white). Watch closely BSTS 2 tf 1H and 4H for any entry. Good luck.

Gbp vs Jpy 1H

Most probably wave v (magenta) is already completed and looking forward for a bearish reversal scenario to complete wave a, b & c. But please don't forget about the possibility of count in yellow and white. Please watch closely both lower red trendlines and upper green trendline to determine which alt count is more preferable. Advisable to wait for another bearish reversal entry signal later from BSTS. Good luck.

Gbp vs Jpy 1H Update #1

Until this moment, price already make a false breakout to my previous upper green triangle trendline. Please noted that there got possibility that a truncated wave v already completed (magenta). An establishment of a Head & Shoulder pattern (yellow triangle x 3) and a breakout to the bearish continuation critical line 1 would bolster this idea.

Otherwise if the price going further up, then we left with 2 more possibility either the yellow count or white count. Therefore, please make an entry with SL when there is a good bearish reversal signal from BSTS. Good luck.

Gbp vs Jpy 1H

Expecting for a completion of wave v later, which preferably a truncated wave (magenta or yellow). Advisable to wait for a bearish reversal signal later from BSTS. Please watch closely the teal triangle for any breakout. Please noted that this scenario will be invalid if there is any true breakout to the bullish continuation line 1 later which favourably to count in white. Happy trading.

Gbp vs Jpy 1H Update #1

I strongly believed wave v in progress and looking forward for a bearish reversal signal later once wave v is completed within this few days. Therefore please watch closely the magenta and yellow count. Otherwise if there is a true breakout to my bullish continuation critical line 1, then this scenario would be invalid. Good luck.

Gbp vs Jpy 1H

I believed market in progress to complete wave v (either magenta/yellow/white) and looking forward for a bearish reversal trend later this week. Please refer to my previous 1H PMO analysis comments for further detail. Preferably - a truncated wave v. Have a nice day.

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - At this moment, I believed wave iv already completed and looking forward for a bullish continuation to complete wave v. Please noted that there is 3 possible scenario for wave v later which is either :-

1) Yellow truncated - which ic wave v only perform a double top before another major bearish reversal trend.
2) Magenta truncated - which is wave v will be more shorter before anoher major bearish reversal trend.
3) White impulse - which is wave v will be an impulsive wave with condition there will be a true strong breakout to the bullish continuation critical line 1.

Advisable to look for a good bearish reversal signal later from BSTS.


Chart 4H - Please analyse all the alternate counts and my 3 divided zones which are :-

1) Green Rectangle Zone - bias to a bullish trend which is preferably for alt count in white.
2) Maroon Triangle Zone - bias to a bearish bias trend which is preferably once wave v is completed.
3) Red Rectangle Zone - bias to a strong bearish trend which is preferably market in determination to complete subwave c in aqua and wave B in yellow.


Chart Daily - Please noted that I did some changes for yellow wave count and as long the upper green major trendline stay as a strong resistance, preferably we shall see a major bearish trend later to complete subwave c (cyan) and wave b (yellow) or wave 5 and C in magenta. Otherwise if the trendline is taken and its a true breakout, then perhaps market is favourably to alt count in white. Look carefully for any breakout to my teal triangle zones.

Summary :

1) Looking forward for a bullish continuation trend to complete wave v.

2) Wave v could be a truncated wave (magenta or yellow) or an impulsive wave (white).

3) Please analyse all 3 possible counts and determine which one is more favourable by applying to it with your trading system (BSTS).

4) Advisable to standby for a major bearish reversal trend once wave v is completed.

Good luck.

Gbp vs Jpy 1H Update #2

Due to the breakout of my previous retracement critical line, I have to recount the possible wave and came out as stated in the updated chart. I believed wave iv will be completed soon and preferably there will be a bullish continuation trend to complete wave v either a truncated or an impulsive wave.

Therefore, please look any good signal for a bullish continuation trend and later (favourably by next week) for a bearish reversal trend after completion of wave v. Happy weekends.

Gbp vs Jpy 1H Update #1

At this moment, I believed market already in retracement phase to complete wave iv before another bullish continuation to complete wave v. Unless we see a breakout to the retracement critical line, preferably wave iv (yellow/white) already completed. Otherwise we may consider an alt count in magenta.

But according to the technical analysis at BSTS daily and weekly chart, it not showing a good signal for a strong bullish trend which therefore please be carefull for any "bullish trap" scenario. So, advisable to wait an entry for a bearish reversal trend instead of bullish continuation. And also, please consider that wave v maybe only a truncated wave. Good luck and happy weekends.

Gbp vs Jpy 1H

At this moment, I divided market in 3 possible scenario's which is :

1) Count Yellow - retracement phase to complete wave iv before another bullish continuation to complete a truncated of wave v (wave iii is already completed).

2) Count Magenta - retracement phase to complete wave iv before another bullish continuation to complete an impulsive of wave v (wave iii is already completed).

3) Count White - expecting to see a bullish continuation to complete wave iii before a bearish retracement phase to complete wave iv later.

Therefore please study all this new scenario's including the new retracement critical line, and look for any good signal from BSTS for respectives scenario. Please make an analysis to the BSTS Daily and Weekly chart before making any entry.

Tips - look for any bullish continuation signal and later a bearish reversal signal from BSTS.

Gbp vs Jpy 1H Update #2

A breakout to my retracement critical point indicated that my previous alt count in yellow/magenta already became invalid and preferable for whitw count (please refer from previous chart). Therefore I need to do a recount as stated in the updated chart. Therefore please study this alternate scenario and look a signal from BSTS for a bearish retracement wave iv before another bullish continuation to complete wave v. Good luck.

Gbp vs Jpy 1H Update #1

Until this moment, 202.60 still hold as a strong support and after a few attempt of test, it still stay intact. Therefore I came out with new case scenario which is represent of diagonal triangle corrective subwave of A B C D & E for completion of wave 4 (magenta/yellow). A triple top pattern would bolster this new scenario (if valid).

Please noted that this new scenario would be invalid if the price make a breakout to my retracement critical line and if this happen, maybe we shall see an alternate white count scenario. So please be carefull before making any entry. Please study BSTS TF 4H, Daily and Weekly chart before making any conclusion. Good luck.

Gbp vs Jpy 1H

I'm looking forward for a breakout to the 202.60 soon today. Please noted that alt count in white would be invalid if this happen and I need to recount again for this scenario. I'm looking forward for a strong downwards breakout to the bearish continuaton critical line 3 later today or tomorrow. Otherwise we may see a bullish movement either as a bullish retracement or bullish reversal (if the retracement critical line is taken). Good luck.

Gbp vs Jpy 1H Update #1

At this moment, price just bounce back and stop at my pivot line. If the new upper green trendline can stay as a strong resistance, we shall see another bearish continuation trend. I believed it just perform a corrective phase before another bearish continuation trend unless otherwise if there is any strong upwards movement to break the 204.70 later then we might consider to the alt count in white. Please be extra carefull since the chart getting more complicated and showing mix signal. Good luck.

Gbp vs Jpy 1H

At this moment, price already break again the major red lower trendlines which is indicate bias towards bearish trend. Perhaps, there will be another minor wave in subwave for downtrend senario later. But please don't forget about the possibility for the alternate count in white. Please noted that the alt white count would be invalid if the price break point 202.60 later.

Please refer from BSTS for any bearish continuation signal and at this moment, make sure to adjust your SL and check your TP. Good luck.

Gbp vs Jpy 1H Update #1

Until this moment, I still believed for a bearish continuation scenario and most probably, subwave ii in the making and this scenario would still valid due to my retracement critical line still intact. But please study the alternate count in white and this scenario is valid if my retracement critical line is taken. Good luck.

Gbp vs Jpy 1H

At this moment, price need to have a breakout soon either to the upper trendline or lower trendline of the teal triangle. Althought its look like more preferable to have a breakout to the lower trendline due to the factor that the upper trendline already showed as a strong resistance line since last week, but still, its have a possibility to have a breakout to the upper trendline first before another bearish continuation trend.

Expecting to see a strong downside movement later within this week with condition alternate count in white is not valid. Therefore, please monitor a signal from BSTS to assist you to determine which trend is more preferable and when is to make a good entry. Good luck.

Gbp vs Jpy 1H

Until this moment, the major green upper trendline still stands as a strong resistance and overall we can see the price slowly moving downwards following inside the channel trendlines. Preferably, I'm still looking for a bearish continuation trend but please noted that anything could happen (alternate count in white). A breakout to the lower triangle trendline would bolster this scenario. Good luck.

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - At this moment, I believed wave4 already completed (yellow or magenta) and price in the process to perform wave 5 and C. A breakout to the lower red trendlines and later to the bearish continuation line 4 woulde bolster this scenario. Otherwise if my retracement critical line is taken, then this scenario would be invalid and shall more preferable to count in white.


Chart 4H - Please watch the teal triangle zones for any breakout.Preferable for a bearish continuation trend later as long my retracement critical line still intact. Anyway, please study all alternate counts and determine which counts is more favourable.


Chart Daily - Please analyse all alternate counts (yellow, white % magenta) and looks from BSTS any significant signal for any particular counts. As long the price stay under the upper green trendline, favourably the trend still bias for bearish trend.

Summary :

1) Please look for a bearish continuation signal fromn BSTS with condition the retracement critical line stay intact and alternate count in white is not valid.
2) Wave 5 could be a truncated wave or an impulsive wave.
3) Look for a bullish reversal signal once wave 5 is completed.

Gbp vs Jpy 1H

At this moment, price already break my lower major red trendline and already inside my bearish bias maroon zones. Therefore, I believed subwave i (magenta/yellow) already completed and looking forward for a confirmation of subwave ii before we can see another bearish continuation to complete subwave v (magenta/yellow), wave 5 and C. Either subwave ii already completed or not, I can only determine later.

Please also noted that if scenario is valid, then there is subscenario which is either wave 5 is truncated (magenta) or an impulsive (yellow). Also don't forget about the possibility of wave count in white. Good luck and happy weekends.

Gbp vs Jpy 1H Update #1

At this moment price already bounce back from my lower major red trendline. I believed either subwave i (magenta) already established or subwave i (yellow) still in progress. A breakout to the lower red triangle trendline would bolster this bearish continuation scenario but be extra carefull for alternate count in white. Preferable - bearish continuation trend to complete wave 5 and C (magenta or yellow) in progress with condition my retracement critical line stay intact. Have a nice day.

Gbp vs Jpy 1H

At this moment, unless we have a true breakout to my upper major green trendline, I still believed market will perform for a bearish continuation (reversal) soon today or tomorrow.

Therefore, please be patient and revise your SL to protect your entry. Otherwise we may see a breakout to my retracement critical line and my bearish continuation scenario would be invalid. Good luck.

Gbp vs Jpy 1H Update #1

At this moment, I believed wave 4 already completed and I'm looking for another bearish continuation trend to perform wave 5 and C later (yellow or magenta). A breakout to the lower major red trendline would bolster this scenario.

Otherwise if my retracement critical line is taken, this scenario would be invalid and will favourable to the alternate count in white. Therefore, please look for a complete bearish continuation signal from BSTS before making any entry, good luck.

Gbp vs Jpy 1H

At this moment, please study all the alternate counts (yellow, magenta & white) and don't forget to do your intraday checklist for today. Preferably, I believed market will be in bearish continuation scenario again to complete wave 5 (magenta or yellow) later by this week. A breakout to the lower major red trendline would bolster this point of view.

Please noted that this sceario would only still valid if my retracement critical line stay intact. Otherwise, we may see a bullish continuation refering to the alternate count in white.

Therefore, please look for any bearish continuation signal from BSTS 3 and BSTS 2 later. Make sure only to make an entry once there is a good complete signal from BSTS 2. Good luck and may God blesss us all.

Gbp vs Jpy 1H Update #2

Since the price already break the 203.70 therefore, my previous yellow count already invalid and I need to revise the preferable count again as stated in the chart. I believed wave 4 shall be completed soon and favourably to see for another bearish continuation in order to complete wave 5 later by this week.

Do remember this scenario would only still valid as long my retracement critical line still intact. Therefore, please also study the alternate count in white. Good luck.

Tips - look for a bearish continuation signal from BSTS 3 later with condition the scenario would still valid.

Gbp vs Jpy 1H Update #1

Until now, my major green upper trendline still as a strong resistance and I believed need to be tested soon either to perform :-

1) Subwave ii if wave 4 (yellow) is already completed, or

2) Unfinish wave 4 (magenta), or

3) Corrective wave a if wave 5 (white) is only a truncated wave.

So please study all this 3 scenario's and determine which one is more favourable later. Please watch closely the retracement critical line and the bearish critical line 3 to help you determine which count is more preferable.

Tips - Look for a good bearish continuation signal later from BSTS, good luck.

Gbp vs Jpy 1H

At this moment, price still hedging below the strong resistance of the upper major green trendline. Looking forward for :-

1) a bullish retracement continuation (breakout) to complete unfinish wave 4 (white/magenta) OR

2) an establishment of subwave i (still in progress) and a small bullish trend to perform subwave ii in wave 5 for a bearish continuation later if wave 4 (yellow) is already completed. This scenario would be invalid if the price make a breakout at 203.70

Preferably, expecting for another bearish continuation trend later to complete wave 5 once wave 4 is completed. Please noted that this scenario only valid if my retracement critical line still intact. Therefore please look for a good bearish continuation signal from BSTS later today before making any entry. Otherwise, we may see a breakout to my retracement critical line for a bullish reversal trend.

Good luck.

Gbp vs Jpy 1H Update #2

I believed wave 4 in the ending stages and waiting a signal for a confirmation of completion of wave 4 from BSTS. I’m looking forward for a bearish continuation signal from BSTS to perform wave 5 later. Please noted this scenario only valid if my retracement critical line still intact. Otherwise, we may see other scenario later. Good luck.

Gbp vs Jpy 1H Update #1

I believed wave 3 already completed and market in retracement for subwave c and wave 4 before another bearish continuation to complete wave 5. This scenario would be invalid if my retracement critical line is taken. Therefore, please look for a good bearish continuation signal from BSTS once wave 4 is completed later. And please noted later, there are 3 possible scenario for wave 5 and I only can determine which one is more favourable later. Good luck.

Gbp vs Jpy 1H

Please noted that if subwave v and wave 3 is already completed, then we shall see a bullish retracement to complete wave 4 and subwave a, b & c. Please study all 3 possibility alternate counts and look from BSTS which counts is more preferable later. Watch carefully the retracement critical line. This retracement scenario would be invalid once this line is taken. Otherwise we may see a bearish continuation for an extension of wave 3 later. Good luck.

Tips - look for a bearish continuation signal from BSTS later once wave 4 is completed with condition the retracement critical line is not taken.

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - Market in strong bearish trend and peferable in wave 3 at this moment. There are 2 possibility which is either a bearish continuation to perform an extension of wave 3 or a bullish retracement to perform wave 4 if wave 3 is already completed. Preferable to wait for a bullish retracement signal from BSTS to perform wave 4 and later a bearish continuation signal from BSTS to perform wave 5 once wave 4 is completed.


Chart 4H - Basically, I divided the market into 4 major zones which is :-

1) Green Zones - a bullish bias zones if my retracement critical line is taken.
2) Teal Zones - a retracement zones which is preferably market will make a bullish retracement to complete wave 4 before another bearish continuation trend to complete wave 5. But please watch closely my retracement critical line. A bearish continuation trend to perform wave 5 will be invalid if this line is taken.
3) Maroon Zones - an extension bearish bias zones - a bearish continuation trend for an extension of wave 3 if there is a true breakout to the bearish continuation critical 3.
4) Red Zones - a major bearish continuation bias zones - a major bearish continuation trend is my bearish critical line 5 is taken.

Please noted that there is a probability for wave 5 to be either a truncated wave or an impulsive wave.


Chart Daily - Please analyse the 3 possibility alternate wave counts before making any entry and later decide which counts is more favourable from BSTS signal.

Summary :

1) Preferable to standby for bullish retracement signal once wave 3 is completed.
2) Looks for a bearish continuation signal from BSTS to perform wave 5 once wave 4 is completed.
3) Wave 5 could be a truncated wave or an impulsive wave.

Good lucks.

Gbp vs Jpy 1H Update #1

At this moment, price already entered my previous strong bearish bias zones (red rectangle zones area) and hit my TP 2. Preferable maybe we shall see a further bearish continuation to establish an extension of wave 3 (yellow). So far there was no sign of major retracement yet and maybe this scenario will only start to perform by next week. Therefore just look for any major retracement signal later from BSTS after completion of wave 3. Also please watch closely my bearish continuation critical line 4. Happy weekends.

Gbp vs Jpy 1H

At this moment, market still in strong bearish continuation trend. I’m looking forward for a bearish continuation signal and a major retracement phase later. So please be carefull before making any entry. Watch closely my proposed “double bottom” area (valid/invalid) and the bearish continuation line 3 for any breakout. Please study both yellow and white counts and wait for a good bearish continuation signal or retracement signal later from BSTS. Good luck and happy weekends.

Gbp vs Jpy 1H Update #3

I believed market in retracement phase to complete subwave iv (cyan) or wave 4 (white) before another bearish continuation to complete subwave v (cyan) and wave 3 (yellow). Please also consider the probability for wave count in white which is a truncated wave 5 (double bottom) scenario. At this moment, I still can’t determine either wave count in yellow or white is more preferable. Therefore, please be carefull before making any entry. Preferable for bearish continuation to complete wave 3 (yellow) or 5 (white) after completion of retracement subwave iv (cyan) or wave 4 (white). Good luck

Gbp vs Jpy 1H Update #2

At this moment, price already hit my TP1. Either subwave iii already completed and starting to retrace to complete subwave iv, I only can determine later. Please study both counts (yellow & white) and analyse from BSTS for any signal to make an entry. Preferable to look for a bearish continuation signal later from BSTS but please be carefull for any bullish reversal trend. Good luck.

Gbp vs Jpy 1H Update #1

At this moment, market in bearish continuation trend. I’m waiting for a retracement to complete subwave iv later once wave iii is completed. Please look for a bearish continuation signal later for subwave v from BSTS. Good luck

Gbp vs Jpy 1H

I believed market already in bearish corrective trend at the moment. Expecting to complete the corrective sequences a b c for the bullish truncated trend 1 2 3 4 5 in previous month (yellow). A true breakout to the bearish continuation line 2 & 3 would bolster this scenario. Please study all possible counts and wait for a bearish continuation signal later from BSTS. Good luck.

Gbp vs Jpy 1H

I’m looking forward to see a small bearish trend to perform subwave b in cyan before another bullish trend to complete wave c (cyan) or wave b (magenta) or wave 2 (yellow). This scenario would still valid unless the price later break my bullish continuation line 2. Please also noted about bullish wave count in white. Therefore, please be confirm later which trend is more preferable from BSTS signal. Good luck

Gbp vs Jpy 1H Update #1

Unless my bearish continuation critical line 1 is taken, I believed wave a or 1 already completed. Looking forward to see a bullish retracement trend later to perform wave b or 2. A true breakout to the upper green trendline would bolster this point of view. Its better to wait for a complete signal for any bullish retracement signal or bearish continuation signal later today or tomorrow. Please don’t forget about the possibility of alternate count in white. Good luck.

Gbp vs Jpy 1H

At this moment, price already entered into my bearish bias maroon triangle zones. Expecting to see a bullish retracement to complete wave b/ii later once wave a/i is completed before another strong bearish trend to perform wave c either in magenta or yellow. This scenario would still valid unless the price make a true breakout to the bullish continuation line 2. Advisable to look for a bearish continuation signal later from BSTS. Good luck.

Gbp vs Jpy 1H Update #1

At this moment, price already touched my lower red trendline and bounce back. Either they will be a bearish continuation and later break the lower red trendline, can only be determine later. I believed market in the process to complete wave a or subwave i before a major bearish trend after completion of wave b or subwave ii. Unless the price make a breakout to the bullish continuation line 3, this scenario would still be valid. Please look for a bearish continuation signal later once wave b or subwave ii is completed. Good luck.