Monday, May 12, 2008

Gbp vs Jpy 1H Update #1


I believed wave 3 already completed and market in retracement for subwave c and wave 4 before another bearish continuation to complete wave 5. This scenario would be invalid if my retracement critical line is taken. Therefore, please look for a good bearish continuation signal from BSTS once wave 4 is completed later. And please noted later, there are 3 possible scenario for wave 5 and I only can determine which one is more favourable later. Good luck.

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