In this video, I go over the analysis on GBPJPY on a weekly Timeframe trying to come up with some insights and predict the future direction. Overall price seems to be in a bullish trend as Elliott wave impulse pattern.
Leaning towards it making another low around 400. close to changing my mind if it gets above ~435 level. not financial advice
Think we have one more wave down to get a new low. over 42k opens up bullish possibilities. not financial advice
In this video, i go over USDJPY and explain my overall insights and my takeaways on which direction I think USDJPY will probably move to. For the last couple of months USDJPY has been in a bullish trend and we previously had a Triangle correction pattern which suggests that the upside has more probabilities.
think we atleast get down to lower then that previous low. micro could be projecting down to 20k-25k if this is a wave 1 of 5. not financial advice
wave 5 of (3) is in progress, the reasonable target for wave 5 of (3) is 0.94 which wave (3) = 2.618 * wave (1), critical support at 0.74600.
As for now, our idea for crude oil is wave 3 has already topped and we are in a early stage of wave 4 development -- Pengiran.
Our idea is we are in a late stage of wave 2 development. Bottom line, we are bullish for wave 3 after wave 2 completion. -- Pengiran
Hello and welcome, we are looking for a strong move higher in "USDJPY" for wave C
Hello and welcome, we are looking for a small move up to complete wave (5) of 1.
Hello and welcome, we are looking for a strong move higher in wave (3)
Expecting price to move higher for last top to end wave 3 - Pengiran
Expecting a retracement then moving higher for Wave iii of Wave (iii) - Pengiran
Wave ((5)) has unfold into clear impulse structure. We will continue to monitor for any reversal sign and we are expecting a retracement after completion of wave ((5)). -- Pengiran.
Using the guideline of fibonacci multiple within impulse for wave 5 projection, we can see price already reach the minimum target at 0.382 times the net distance traveled of waves 1 through 3. If the price continue to move higher, our next possible target is at 93.00 area (0.618 fibo level). Keep in mind that we are in a late stage of wave 3 development and we...
Positive development of XLE since our last posting. We can see a clear price movement in motive wave fashion for wave ((5)). For now we are still expecting price to push higher to complete wave ((5)). -- Pengiran.
We are on the late stage of wave ((4)) development and expecting price to move higher for wave ((5)) to complete this impulse sequence. -- Pengiran
As for now. We are expecting price to move higher to complete wave ((iii)). Using Fibonacci multiple guidelines within impulse wave, reasonable target for wave ((iii)) is at 1.618 relationship compare to wave ((i)) movement. Our invalidation level is set at 82.98. – Pengiran.