Saturday, July 12, 2008

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview


Chart 1H - Please noted that market still in between a very strong support (210.16) and resistance (212.29). At the moment, its very hard to determine which trend is more preferable, so please be extra carefull before making any entry. Favourably, Im looking forward for a bearish trend later in this month.


Chart 4H - Please analyse all critical lines to assist you in making or hold any entry. Please wait for a good setup signal from BSTS before making any entry. Preferably, I'm looking for a good bearish entry signal from BSTS later. But please be carefull for any possibilty regarding to alt count in white.


Chart Daily - I'm looking forward for a completion of wave ii (magenta or white) confirmation before expecting any bearish continuation trend later. A further breakout to the bearish reversal bias line would bolster this alt counts. Otherwise, we may see a bullish trend according the alt count in yellow.

Summary :

1) At this moment, advisable to wait for the real trend to be unfold 1st since market still in corrective phase.
2) Preferably, I'm still looking forward for a major bearish trend within this month and please making any entry if there is any good entry signal from BSTS later.
3) But please be carefull for any bullish trend later and please analyse all critical lines for both bearish and bullish alt counts to assist you in making any decission.

Good luck.

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