Sunday, December 14, 2008

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


Chart 1H - Preferably, I'm looking forward for an opportunity towards a bullish reversal trend scenario referring to the alt count in white or yellow. But please be extra careful for any "throw-over" pattern or further bearish continuation trend. Advisable to look for any bullish reversal entry signal from BSTS later next week.


Chart 4H - Favourably, a true breakout to the upper green major trendline and later to the bullish continuation critical line 2 would bolster the bullish reversal trend scenario. Meanwhile, a further breakout to the major bearish continuation critical line would favor to the alt count in magenta but please be careful for any "throw-over" pattern.


Chart Daily - Please be noted that there is a possible "diagonal triangle" reversal pattern referring to both yellow trendlines. If this pattern if valid, I believe we shall see a bullish reversal trend later next week. But please be extra careful for any breakout to the major bearish continuation critical line.

Summary :

1) Preferably I'm looking forward for an opportunity towards any bullish reversal trend scenario. A valid "diagonal triangle" pattern and a further breakout to the upper green trendline would bolster this scenario.

2) Otherwise, please be careful for any bearish continuation trend or any "throw-over" pattern scenario.

Good lucks.

No comments: