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Monday, December 1, 2008
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview
Chart 1H - Preferably, I'm looking forward for a bullish continuation trend to perform subwave 5 with condition a completion of horizontal triangle abcde for corrective subwave 4 referring to the alt count in yellow. Otherwise please be careful for a possibility of a truncated subwave v in a (white) or another strong bearish continuation referring to the alt count in magenta.
Chart 4H - Please analyse all possible alt counts and determine which one is more favourable from BSTS. Please be noted that eventhough if market is already in bullish reversal trend, a significant of bearish retracement trend to perform corrective wave b (white or yellow) is necessary before expecting any string bullish trend to perform corrective wave 5 in five wave bullish structures later.
Chart Daily - I'm looking forward for an upside trend to bolster the bullish reversal trend referring either to the alt count in white or yellow. A further breakout to the upper critical line would bolster this scenario. Otherwise, please be careful for any possiblity towards the alt count in magenta.
Summary :
1) Preferaly, I'm looking forward for a bullish reversal trend to complete corrective wave a, b and c either referring to the alt count in white or yellow.
2) But please be careful for any bearish trend and a further breakout to the bearish critical lines that would favour to the alt count in megenta.
3) Also, please be noted that this week is a NFP weeks (friday, 9.30 pm GMT +8).
Good lucks.
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