Thursday, February 28, 2008

Gbp vs Jpy 1H Update #2


I believed the market in correction phase (retracement) to complete wave b (yellow) and further later will going down again to complete wave c. As long as the price not breaking the short critical line, a Bearish Continuation would still be valid. Otherwise, a Bullish Reversal idea came cross to my mind (alt count a b c in white). Watch carefully the trendlines and those critical points before making any decission. Wait for a good signal from BSTS before making any entry.

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