Tuesday, April 7, 2009

Gbp vs Jpy 1H


At this moment, I'm looking forward for a further bearish continuation trend either to complete wave 2 (white or magenta) or major corrective wave b (yellow). A valid "Head and Shoulder" pattern would bolster towards the alt count in yellow which is market will perform a 5 bearish wave structures to complete major corrective wave b (yellow). Also, please monitor closely the major lower red trendline for any bounce or breakout scenario. Good luck.

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