Wednesday, April 22, 2009

Gbp vs Jpy 1H


At this moment, I believed market already completed the subwave 4 (magenta/cyan/white), before expecting for another bearish continuation trend either to perform a truncated subwave v in magenta or an impulsive subwave 5/v either in white or cyan. Preferably, I'm looking for an opportunity towards either the alt count in white or yellow. A breakout towards the bearish continuation critical line 2 would bolster to this scenario. Otherwise, please be careful if market perform the truncated scenario (magenta) and any breakout towards the white/yellow critical line. Good luck.

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