Friday, April 17, 2009

Gbp vs Jpy 1H

At this moment, price still inside the diagonal triangle pattern. I'm looking forward for any breakout to determine either market in favour towards the alt count in white or magenta/yellow. Favourably, I believed market will perform a major bearish retracement trend refering to the alt count in yellow to perform a major corrective wave b. Otherwise we may see a bullish continuation trend to complete subwave 5 in white. Happy weekends and good luck.

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