Thursday, March 26, 2009

Gbp vs Jpy 1H


At this moment, I'm looking forward for any breakout either towards the white critical line or magenta/yellow critical lines to confirm which alt counts that is more favourable. Preferably, I believed market just performed a bullish trap scenario and I'm expecting for a bearish retracement trend (magenta or yellow). A further breakout to the white critical line and as long the magenta/yellow critical line is remain intact, would bolster to this bearish retracement scenario. Good luck.

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