Friday, March 21, 2008

Gbp vs Jpy 1H


I believed the price will once again perform a bullish retracement to complete wave iv, c & 5 (magenta count). As long the price move and stay inside the green zones, this scenario would still be valid. But please look at into the other 2 possibility wave count (yellow & white). Please hold your early morning long entry by moving the SL according to the price movement and look for any bullish retracement continuation signal or bearish continuation signal from BSTS later. Good luck trading and happy weekends.

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