Monday, November 3, 2008

Gbp vs Jpy 1H


At this moment, I'm looking forward for a bullish retracement trend to complete subwave ii before expecting f0r another bearish continuation to perform subwave iii in 5. Please be noted that wave 5 could be a truncated wave (yellow) or an impulsive wave (magenta). As long as both magenta/yellow critical lines and major bullish continuation critical line stay intact, this scenario would be valid. Meanwhile, a breakout to both critical lines woul favour to the alt count in white. Good luck.

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