Tuesday, May 27, 2008

Gbp vs Jpy 1H Update #1


Until this moment, price already make a false breakout to my previous upper green triangle trendline. Please noted that there got possibility that a truncated wave v already completed (magenta). An establishment of a Head & Shoulder pattern (yellow triangle x 3) and a breakout to the bearish continuation critical line 1 would bolster this idea.
Otherwise if the price going further up, then we left with 2 more possibility either the yellow count or white count. Therefore, please make an entry with SL when there is a good bearish reversal signal from BSTS. Good luck.

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