Wednesday, April 29, 2009

Gbp vs Jpy 1H


At this moment, price just bounced after break the bearish continuation critical line 1. Favourably, I believed market in progress to perform a subwave ii in cyan before expecting for another bearish continuation trend scenario. But this scenario is invalid if there is any breakout towards the white/yellow critical line. Otherwise, please be careful for any bullish continuation trend scenario if an "Inverted Head & Shoulder" pattern is valid (magenta). Good luck.

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