Wednesday, March 19, 2008

Gbp vs Jpy 1H Update


I believed wave 3 already completed and market in retracement phase for wave 4 before going upwards again to complete wave iv, c and 5 which is I presumed would be a truncated pattern later. Unless the price break the major bearish critical line, this scenario would still valid. Please study all the critical lines, the three triangle zones and wait for a complete signal from BSTS before making any entry. Preferable - retracement wave 4 before upwards again to complate wave 5. Tips - look for any BSTS3 signal at TF 4H later. Good luck.

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