Sunday, December 7, 2008

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview


Chart 1H - Preferably, I'm looking forward for any bullish reversal trend (white or yellow) opportunity by later next week. But please be extra careful for any bearish continuation trend scenario to perform an impulsive wave 5 (magenta). Please confrim any trend from BSTS and any breakout later.


Chart 4H - I'm looking forward for a valid diagonal triangle pattern and a true breakout to the upper green trendline would bolster the pattern and a bullish reversal trend scenario. But please be careful for any "throw-over" pattern or a breakout to the major bearish continuation critical line.


Chart Daily - Favourably, I believed market is already in the late stage of bearish trend and I'm looking for any opportunity towards a bullish reversal trend scenario once wave 5 is confirm completed. Therefore, please look for any possible bullish reversal entry from BSTS later.

Summary :

1) Preferably, I'm looking forward for an opportunity towards a bullish reversal trend later next week. A further breakout to the upper green trendline would bolster this scenario.

2) Otherwise, please be careful for any bearish continuation trend and a breakout to the white/yellow critical lines.

Good luck.

p/s : I wish a happy Hari Raya Aidil Adha to all muslim and maaf zahir batin. I will be only back on wednesday. Happy holidays.

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