Friday, October 24, 2008

Gbp vs Jpy 1H Update #1


At this moment, I'm looking forward for a bullish retracement (teal rectangle zone) to perform corrective subwave a, b and c (cyan) in 4 (white or yellow) before expecting for another bearish continuation to complete subwave 5. Otherwise we may see another bearish continuation referring to the alt count in magenta. Good luck.

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