Thursday, March 20, 2008

Gbp vs Jpy 1H


At the moment price already at the bullish critical 1. This scenario indicates more favourable to bearish continuation trend, but I still need to wait for few a more confirmation aspect. Even BSTS also showing a mix signal which is I presumed its not a good time to make any new entry yet. For summary, hereby I would explain 3 possibilities scenario :
1) Price start to bullish again to complete the uncompleted wave iv ?
2) Price start to bearish continuation to establish a triple bottom to complete wave v & 5 (white) before going upwards again for a Bullish Reversal.
3) Price start to bearish continuation to complete wave v & 5 (yellow).
Please becarefull before making any entry. Have a nice day.

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