GBPJPY If the count must consider that wave 4 does not get into price territory of wave 1, then that incursion into the price territory of wave 1 is probably just the sub wave 2 after the sub wave 1 of a wave 3 up in this C wave. which could propell ...

Elliott Wave Counting with EG

GBPJPY Retracement to 38.2% on 15m chart only showed a 3 wave subdivision instead of 5 so 61.8 to 78.6% retracement may afterall be possible. Closed my initial Long at the 38.2% retracement and re -entered a new long trade near the end of that sub ...

Elliott Wave Counting with EG

GBPUSD — Hi Marketwavez. I just saw your charts now. Based on them, we have finished a much bigger Wave B than what I was thinking on my Count. That is probably I had that invalidating Wave 4 overlap into wave 1. Thank you for sharing your ...

Elliott Wave Counting with EG

GBPUSD Probably found its Peak @ 2.0178 Could now be in its way down on 1hr chart. Is it psossible that EW Rules will tolerate slight overlap into Price Territory of Wave 1? Somewhere I just can not remember.... but they say we can allow a 20% ...

Elliott Wave Counting with EG

GBPJPY Could be a flat or expanded flat wave now that it has gone lower than the previous low of 233.88 at 233.86 . Check the 15m chart. this potentially changes scenario and probably find wave 2 retracing towards 38.2% only of the sub wave 1. Price ...

Elliott Wave Counting with EG

GBPJPY I am still holding my short term Long trade. missing that positive pip opportunity at end of sub sub wave a for this sub wave 2 up retracment. retracement has just been in the area of 23.6%. Not even reaching the 38%. So Iam staying on with ...

Elliott Wave Counting with EG

Floating an Idea — GBPJPY Assuming I support Clusterwise's view that GBPJPY is going down to 201 area... I know many are thinking that this could be absurd... But let us take a moment to see possible reasons why I would back this up: 1. ...

Elliott Wave Counting with EG

Hey Clusterwise.. I hope you do not mind me re-posting your chart here .. This was how Clusterwise saw GBPJPY Movement when it was still starting the wave 4 up retracement. EG PS. Thank you Clusterwise for sharing your thoughts on GBPJPY

Elliott Wave Counting with EG

GBPJPY Plan now is 1. Let this current new Long trade run till 235 area which is 61.8% wave 2 retracement. 2. Exit at the area and place my new Short trade which hopefully rides down towards 219. EG

Elliott Wave Counting with EG

To me it means that now we have just seen price going lower than 234.22and am seeing a short term retracement. If you short this pair now that it has gone below 234.22.... you will be expeirencing drawdown till we reach 235 or 235.34.... As for me ...

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

GBPJPY placing a Long trdae toward 235 for the sub wave 2 retracement. I just got out of a short position with Zero gain which was stuck at negative pips since Friday last week. still have 3 negative trades 2 from last friday and 1 from a long time ...

Elliott Wave Counting with EG

I agree with you HM as this matches a potential retrace for sub wave 2 at 61.8% retracement based on my Elliott Wave Count. EG

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

GBPJPY Word of Caution fro those trading GBPJPY today if we see price going lower than 234.22, this could be a confirmation that we are back to the bear trend. However, please be warned that that is also the end of the sub wave 1 of the wave 5 down. ...

Elliott Wave Counting with EG

How can you be in 2 if you are completing v of 3? It does not make sense to me. Sorry. @ 2.-178 now using the m15 chart, i think this is in a small wave 2 fo rthe final sub wave 5 of the last wave 5 in the wave c of this wave 4 up.

Elliott Wave Counting with EG

GBPJPY 235.50 high could be termination point of wave 4 up 235.50 could be the swing high point for the reversal and the beginning of Wave 5 down. Sub wave 1 down of the wave 5 down has just finished sub sub wave 3 down and the sub sub wave 4 ...

Elliott Wave Counting with EG

GBPJPY Sub wave 1 down has gone lower than previous Wave 5 up Sub wave 5 up origin at 234.32

Elliott Wave Counting with EG

GBPJPY If this is the begining of the Wave 5 down in this wave C down, Then I would expect sub wave 1 of this Wave 5 down must exceed or terminate lower than 230.83 before it starts a retracement up for the sub wave 2. still have to get thru my ...

Elliott Wave Counting with EG

GBPJPY m30 chart shows a 5 wave structure which shows a current reversal or a correction. I would choose reversal at the moment as a higher degree 5 waves has just been completed. Breakout to the down side of the diagonal triangle seen on the 15 m ...

Elliott Wave Counting with EG

No wonder... just noticed it now.... 235.32 is a 2nd Resistance Level.

Elliott Wave Counting with EG

GBPJPY Could that be a consolidation at the top on the 15m chart for this pair???

Elliott Wave Counting with EG