Saturday, March 15, 2008

Gbp vs Jpy 1H, 4H & Daily Pre-Market Overview


Chart 1H - I believed the price will make a retracement/reversal later due to :-
1) a "Diagonal Triangle" pattern
2) an "Over-Throw" pattern
Otherwise we may see a bearish continuation later. I need to wait for a breakout and a signal from BSTS for a confirmation.


Chart 4H - The price shows a strong bearish trend and already hit the middle dotted yellow trendline. So, either there will be a retracement or a bearish continuation, can only be confirm later. Please study both wave counts and watch closely all the critical line.



Chart Daily- The price already hit the middle red dotted trendline. We may see a breakout later next week to complete wave 3 before make a retracement to complete wave iv. Please study both wave counts and watch closely all the critical line before making any entry. Please wait for a complete signal from BSTS before making any new entry. Happy weekends and good luck



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