Sunday, January 11, 2009

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


Chart 1H - Preferably, I believed market in progress to perform either corrective wave b in yellow or in white before expecting for another bullish continuation to complete corrective wave c. But please watch closely both yellow and white critical lines. Advisable to look for any bullish continuation entry signal from BSTS later.


Chart 4H - Favourably, I'm looking for an opportunity for any bullish continuation trend either referring to the alt count in yellow or white. Please be noted that, market can perform a double bottom scenario to complete b in white, so please be careful. But a further breakout to the major bearish continuation critical line would bolster towards the alt count in magenta.


Chart Daily - I'm looking forward for a bullish reversal trend to perform major corrective a, b and c (yellow or white). Please be noted that price already break the upper green diagonal triangle trendline which already favour to the bullish reversal trend scenario. As long the major bearish continuation critical line is remain intact, the bullish reversal trend still valid.

Summary :

1) Preferably, I believed market in progress to perform corrective wave b (yellow or white) before expecting for another bullish continuation trend to perform corrective wave c. Please confirm from BSTS later for completion for wave b before making any entry,

2) Otherwise we may see another bearish continuation referring to the alt count in magenta.

Good luck.

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