Monday, June 16, 2008

Gbp vs Jpy 1H Update #1


Market in bullish trend now and I'm looking forward for the completion of wave 5 (magenta or yellow) before we can see a bearish reversal trend to complete correction a, b and c. Please noted that if the price make a breakout to the green dotted horizontal line, then the magenta count would be invalid and preferably price will continue according to alt count in yellow. Tip - Standby for short entry once wave 5 is completed to perform a major a. b and c corrective wave.

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