Tuesday, May 6, 2008

Gbp vs Jpy 1H


At this moment, price already entered into my bearish bias maroon triangle zones. Expecting to see a bullish retracement to complete wave b/ii later once wave a/i is completed before another strong bearish trend to perform wave c either in magenta or yellow. This scenario would still valid unless the price make a true breakout to the bullish continuation line 2. Advisable to look for a bearish continuation signal later from BSTS. Good luck.

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