Wednesday, May 14, 2008

Gbp vs Jpy 1H Update #1


At this moment, I believed wave 4 already completed and I'm looking for another bearish continuation trend to perform wave 5 and C later (yellow or magenta). A breakout to the lower major red trendline would bolster this scenario.
Otherwise if my retracement critical line is taken, this scenario would be invalid and will favourable to the alternate count in white. Therefore, please look for a complete bearish continuation signal from BSTS before making any entry, good luck.

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