Thursday, February 12, 2009

Gbp vs Jpy 1H Update #1


Due to the breakout to the lower yellow triangle trendline, therefore I did a recount towards the alt count in magenta and yellow. Preferably, I believed market in progress to complete corrective wave b either in yellow or white. At this moment, I'm looking forward for a bullish retracement trend to perform subwave iv in yellow before expecting for another bearish continuation to complete subwave v in b (yellow). But please be careful for another bearish continuation trend to perform an extension subwave iii referring to the alt count in white. Good luck.

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