JPY cross pairs - to be continued

Hello everybody!

I was absent last days, im really sorry, but i haven't enough time to post here :(

I want to Thank Tacomy, cause he was the one, who has wrote all these helpful reviews all that time, while i wasn't able to do so. Thanks a lot for keepin our project up and runnin Tacomy!

Now i think, some problems that i had, are all, so i will be back to my normal routine as wake up at 4 AM (as i did today), start to analyze the market, leave my opinion here and start to work - from Asian session to the end of European.

Ok, as it still Asian session right now, here is a continuation of my last review (i even afraid to mention, how long has it been from my last review :) ).

Ok, let us take a look at the EURJPY H1 chart.



As you can see, it is the same chart, as in my previous review.
Difference is, that we have the 3rd and the 4th waves now. And last support level (magenta line) became resistance as well (also don't forget, that it is 11.8% from a Week fibo grid).
So, this tradin plan will work till the price will break out this level - if it will not, then we will have another wave down, the 5th one (accordin to the plan).
Also you can see a divergence in the 4th wave, that is also a hint, that we will continue descendin movement.

The main sign of the descendin movement now, is the break down of the 233 MA. And at the picture you can see, that it is easier to follow the price movement at the smaller TFs



Here you can see, that price is closer to the 233 MA at the smaller TFs. Then i will work in the followin order, as Masterforex System suggests:
1) Wait for the REAL break down at the minor TF (1st M1 and then, M5);
2) Wait for the break down at M15 as a confirmation of movement;
3) Open a trade on the basis of points 1) and 2) and Elliot wave analysis (not to mention necessary fibo grids and other MAs - we always have to remember, that in order to begin powerful movent, ALL MA will reverse and price will break them one by one)
4) Flat at the beginnin of the session also helps us to define good entry points.

And the same situation on GBPJPY also. Now I only want to mention below Asian session flat levels and some important levels as well. Take a look at the picture.




Look forward for other reviews soon!
Best regards, and best of luck in your tradin as well :)
Anthony Schneider.