Friday, May 30, 2008

Gbp vs Jpy 1H


Finally the price reached my TP for the alt count in white. I'm still looking for a bearish reversal trend and as long my bullish continuation line 3 still intact, plus if the supposed to be a diagonal triangle pattern (teal) and a throw-over pattern (yellow rectangle) stay valid, this will bolster for reversal scenario. Otherwise we may see a further bullish continuation which is refering as an extension of wave v scenario (yellow). Happy weekends.

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