Tuesday, October 7, 2008

Gbp vs Jpy 1H Update #1


Please be noted that due to the breakout of the major bearish continuation critical line 1, both previous alt count in yellow and magenta already become invalid. I believed market in progress to complete subwave 3 (yellow) or an extension subwave 3 (white) in wave v/5 (yellow or white) before expecting a retracement to complete subwave 4 and 5. Preferably, look for any bullish entry signal once major wave 5 in completed. Good luck.

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