Monday, October 6, 2008

Gbp vs Jpy 1H


Due to the latest market scenario, please be noted that I did a recount and preferably, I'm looking forward for a bullish reversal to complete either a subwave c in a (yellow) or another bearish trap scenario to complete subwave v in 5 (magenta). A valid diagonal triangle pattern, double bottom and a possible bearish trap scenario would bolster this scenario. Otherwise market will continue further down referring to the alt count in white. Advisable to look for a good bullish reversal entry signal from BSTS later before making entry. Good luck.

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