Monday, May 12, 2008

Gbp vs Jpy 1H


Please noted that if subwave v and wave 3 is already completed, then we shall see a bullish retracement to complete wave 4 and subwave a, b & c. Please study all 3 possibility alternate counts and look from BSTS which counts is more preferable later. Watch carefully the retracement critical line. This retracement scenario would be invalid once this line is taken. Otherwise we may see a bearish continuation for an extension of wave 3 later. Good luck.

Tips - look for a bearish continuation signal from BSTS later once wave 4 is completed with condition the retracement critical line is not taken.

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