I must admit you have just given me an idea and an added tool to help me analyze and project Price Direction and route for the GBPJPY Pair. Thank you for this heads up. I hope that you will be able to profit from this. I have charted my EW Count on ...

Daily GBP/JPY analysis

Hello FxMt You will see that I have revised my wave c up count in the next post without invalidating yet my Projections for the medium to Long term. I will go for your Questioned Labelling for 1? and 2? EG

Elliott Wave Counting with EG

Warning — For anyone who follows the projections I made above.... This will be invalidated with a Price Fall lower than 234.22 which is end of Wave 1 in this sub wave C of the Big Wave B UP. EG

Elliott Wave Counting with EG

Taking Forecasting Further for GBPJPY — Last chart I posted would be for the Short and Medium Term Projections for GBPJPY Below is a Longer Term Projection on GBPJPY Using EW Theory and Harmonic Patterns. Knowing that again so many traders ...

Elliott Wave Counting with EG

GBPJPY — Chart 1 I should have posted this first before the chart on the upper post so you can better see the transition. Anyway, I tried enhacing the previous chart to have more details for the final Analysis. I hope somebody makes money out ...

Elliott Wave Counting with EG

My EW Count on GBPJPY — Daily Chart Labelled why I think It will unfold as such Tools used are 1. EW Principle 2. Fib Extention Tool for Projecting EW Waves 3. Fib Retracement Levels/Range EG

Elliott Wave Counting with EG

Thank you marketwavez for looking thru my charts. Yes I am aware that it overlapped in this last chart. In my earlier chart this was not the case because I was thinking that with the BOE news price should go up and follow the normal wave structure. ...

Elliott Wave Counting with EG

I have to leave again. TP level I think should be 233.09 which is the 261.8% FE Level. If I was watching this trade I would mnitor wave 3 and 5 at the following ranges. 161.8 - 200.0 FE sub wave 3 261.8 - 300.0 FE sub wave 4 However, I think Wave 1 ...

Elliott Wave Counting with EG

GBPJPY — I got stopped out of my last long trade for 65pips which included the 20 pip spread as price dropped lwer than 236.77 (wave 1 end). I left my trade running this morning ( Asia) while I went out for 6 hours to take care of other ...

Elliott Wave Counting with EG

If I may answer this... yes it is bearish but IMHO , good for a short scalp as it has unfolded. But I would support the view that there is still another move to the upside as I think there is still a missing 1 impulse wave up which is the wave 5 of ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

GBPJPY — Weekly R2 is at 238.51 I think Wave count for this wave 5 will be valid unles price goes lower than 236.77 which is the end of wave 1 inside this wave 5. The Magenta pitchfork somehow should contain the price within its channel. See ...

Elliott Wave Counting with EG

Chart Details — 1st Chart is 4hour chart With the breach of 237.60 which is the end of supposed wave 1, Count has to be revised and to me it is confirmed now that we are in a Big Wave B from 219.31 Low. High of 251.07 to Low of 219.31 is Big ...

Elliott Wave Counting with EG

GBPJPY _additional Thoughts — Potential Direction

Elliott Wave Counting with EG

GBPJPY UPDATE — Definitely in Big B wave. 237.60 was breached. that was end of Suppposed wave 1. I was thinking that this would go much higher still for the end of wave 5 in wave c inside big wave B. However, my chart showed an earlier pin bar ...

Elliott Wave Counting with EG

My GBPJPY Short Trade I am still nursing a short trade that has gone almost 300 pips against me. I use 600-800 pips SL for GBPJPY on my live trades. could be expensive for my short forward trades. But this allows me to relax more while trading. So ...

Elliott Wave Counting with EG

GBPJPY Bearish Bias — NOTE that this Bearish Bias is for my intraday trade. This week already is Bullish with the break of 235.50 and even going up to 237.04 on my chart. This bias actually stems from the fact that 4 hour stochs as crossed ...

Elliott Wave Counting with EG

GBPJPY has moved NORTH. broke thru 50 and 100 EMA and even thru the Daily Pivot. Candle was opened and closed above Daily Pivot. Bt it was a Bearish Candle. Will wait for a Bullish Candle to open and close above the Daily pivot. It is still possible ...

Elliott Wave Counting with EG

GBPJPY — 4hour stochshas crossed back below 80 level 5m and 15m stochs have reached over bought conditions and crossed back below 80 Level. Price failed to open and close a candlestick above the 50EMA and 100EMA of 15m chart a doji and a ...

Elliott Wave Counting with EG

GBPJPY — Wave 4 or 34 Limit. not to go lower than 234.55 or the end of wave 31 before proceeding upwards. but should it go lower, then either the wave count is invalid or we are building a bigger wave, wave 333 and consider the previous wave ...

Elliott Wave Counting with EG

GBPJPY Chart

Elliott Wave Counting with EG