Tuesday, November 11, 2008

Gbp vs Jpy 1H


At this moment, price already break the lower red triangle trendline and we need to wait a whilte to confirm is it a true breakout or only a false breakout. Preferably, I'm looking forward for a bearish continuation trend to perform subwave v in 5 before expecting for a bullish reversal trend later. Another breakout to the bearish continuation critical line 2 and later to the major bearish continuation critical line 1 would bolster this scenario. Meanwhile, please be careful for any truncated wave scenario either referring to the alt count in white or yellow. Good luck.

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