Tuesday, March 31, 2009

Gbp vs Jpy 1H Update #1


At this moment, price just bounce from the major lower red trendline. Preferably, I believed market already completed subwave a in yellow and now in progress to perform subwave b (a, b and c in cyan) before expecting for another bearish continuation trend complete subwave c in major corrective wave b in yellow. Otherwise we may see a further downtrend referring to the alt count in magenta. Basically, advisable to look for any bearish continuation trend entry signal from BSTS later. Good luck.

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