Thursday, October 30, 2008

Gbp vs Jpy 1H


At this moment, I believed market is going to complete a corrective wave 4 and expecting to see another bearish continuation to perform wave 5 later. But please be noted that this scenario would be invalid if there is any breakout to the magenta/yellow critical line. Therefore, advisable to look for any signal for completion of wave 4 and an entry signal for bearish continuation to perform wave 5 from BSTS later. Good luck.

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