Wednesday, March 5, 2008

Gbp vs Jpy 1H


I believed a "Double Bottom" already established which is from my point of view we should see a good retracement later to complete wave iv. But please bear in mind, thats there are also a possibility for a Bullish Reversal scenario(alt count - white). So later only make a short entry IF there is a COMPLETE signal from BSTS. Othewise if the price break to the bearish continuation critical line, then all above would be invalid. Preferable - Retracement.

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