Thursday, March 5, 2009

Gbp vs Jpy 1H Update #1


At this moment, I believed market either in progress to complete :-
1) Magenta : Bearish retracement trend perform subwave ii in 2 before expecting for another bullish continuation trend. A bounce scenario from the lower white trendline would bolster towards this alt count. or
2) White : Bearish retracement trend to perform wave 2. A further breakout towards the magenta critical line and lower white trendline would bolster this scenario. or
3) Yellow : Bearish retracement trend to perform major corrective wave b (double bottom or triple bottom). A breakout towards the white critical line would favour this scenrio.
Please confirm each scenario from BSTS and any breakout/bounce later. Good luck.

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