Tuesday, May 13, 2008

Gbp vs Jpy 1H Update #1


Until now, my major green upper trendline still as a strong resistance and I believed need to be tested soon either to perform :-

1) Subwave ii if wave 4 (yellow) is already completed, or
2) Unfinish wave 4 (magenta), or
3) Corrective wave a if wave 5 (white) is only a truncated wave.

So please study all this 3 scenario's and determine which one is more favourable later. Please watch closely the retracement critical line and the bearish critical line 3 to help you determine which count is more preferable.

Tips - Look for a good bearish continuation signal later from BSTS, good luck.

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