GBPJPY : 'Milestone'

11:21 AM GMT +8

Yesterday's analysis on long term and short term target not yet broken and still valid... and now we get new additional scenario. We can take it as a 'milestone' to verify where the market price
should go next.

Price play around Hi = 206.09 and low = 204.95.

Regarding to the system, the 'Ceiling' at 206.09, violet in color will valid if the bear candle break the neckline at low = 204.95. This would be the confirmation for BEARISH and the system will looking for 'violet floor'....

How ever if some how BULL candle break Hi = 206.09.... the 'ceiling' fail and the system will then find the new 'ceiling' signal.

GBPJPY : Probabilities Trading Style Vs BlueDream System

9:11 PM GMT +8


The price finally reached 203.34. This level considered strong support.

If i follow the signal generated by BlueDream system...
The price will Up for a while around Low 203.34 and High 208.10.
The price won't able to break the highest peak 208.97.
The price at least must break 203.34 during BEARISH continuation to complete the Down Trend.

But then if i come back to the 'PROBABILITIES TRADING STYLE'.... i will assume that everything is possible where some occurance considered high probable while the other occurance considered low probable.
Area between 208.10 and 208.97 would be BUY zone...
Area between 204.82 and 203.34 would be SELL zone...
Major resistance 208.97 would be the critical point for BULLISH
Support level 203.34 would be confirmation level for BEARISH to find the lowest price.

GBPJPY : Brief Analysis

9:44 AM GMT +8


H4 : Regarding to the HI LO analysis by using BlueDream method... market not yet reach the lowest price and will continue Down Trend...

M5 - H1 : No sign for reversal

GBPJPY : Update

12:25 AM GMT +8
The result of the analysis was the price broke low 206.68 and made new lowest at 204.28, 240 pips from breakout.

The current CS at H4 shows strong BEARISH and yet no significant sign for reversal.

The series of candles at M5 most likely correction wave waiting for BEARISH continuation. SELLER get more control in the market and LONG position is not suggested at the moment.

GBPJPY : 2 CLUES

2:33 PM GMT +8

Last friday, my conclusion on price action was "the early sign of BEARISH or DOWN TREND, but not yet confirm".

At the moment... as we can see price still play around high 208.97 and low 206.68.

The current condition of series candle for all timeframes could mean correction phase to continue BULL. Otherwise price waiting for breakout to perform Down Trend.

There are 2 clues left...

Bull candle break 208.97 to continue BULLISH

Bear candle break 206.68 to confirm BEARISH to find the lowest price

GBPJPY : Review

8:56 PM GMT+8

H4 : Long upper shadow for BULL candle + long body with short lower shadow of BEAR candle + last three candle formed fractal up (BEARISH) indicates the strong BEARISH before platform closed for trade last friday....
The area 207.96 and 208.97 considered strong resistance

M5 - H1 : The series of candle performed BEARISH... how ever it still not fulfilled the rule to enter SHORT position in BLUEDREAM SYSTEM...

So... I only can say that it was the eary sign for bearish... but it still unpredictable. The 208.97 became the critical point for BULLISH continuation....

GBPJPY : Update

4:28 PM GMT+8

Strong Bullish after major breakout yesterday....

GBPJPY : Waiting for BEARISH confirmation

9:30 PM GMT +8

Well... today i'm satisfied with the performance of BLUEDREAM SYSTEM.... today it pass the test...

So here is the next analysis... Please refer the above picture....

Step no.4 waiting for fractal ... actually considered high risk...

The low risk entry is wait price to break neckline...

P/S Unfortunately i'm not a full time trader... sometimes I enter market in the high risk condition... I dont have much time to wait for BULLISH or BEARISH confirmation...