Monday, September 1, 2008

Gbp vs Jpy 1H


At this moment, I'm looking forward for completion of subwave 3 (magenta/yellow) before expecting a bullish retracement to complete subwave 4. Please be noted also, that further later subwave 5 could be an impulsive wave or only a truncated wave. Otherwise we may see market in bullish reversal trend referring to the alt count in white. Preferably, I'm only looking for an opportunity for either a bullish retracement or reversal entry signal from BSTS later (once wave iii or wave v/5 is completed). Good luck.

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