Thursday, August 14, 2008

Gbp vs Jpy 1H


At this moment, I'm looking forward for a bullish retracement or corrective phase a,b,c (cyan or white) either to complete subwave iv (yellow) or major wave 4 (white) before expecting for another bearish continuation. Otherwise this scenario would be invalid if there is a further true breakout to the bearish continuation line 8 (magenta count). Please confirm any entry from BSTS later. Good luck.

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