Friday, March 14, 2008

Gbp vs Jpy 1H Update #2


At this moment, I decided again to categorizes the price into 3 zones which is :-
1) Green Zones - once the price enter this territory, the price is in bullish reversal bias.
2) Teal Zones - this is where the current price belong at the moment. The price still in retracement/correction phase.
3) Red Zones - once the price enter to this territory, the price is in bearish continuation bias.
Although, its slightly show a bit bias to bullish but its still unclear which one is the real major trend that will be take place later. Whoever that already made a long entry this afternnon according to BSTS signal, please move up your stop loss above your entry point. Good luck.

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