Monday, June 1, 2009

Gbp vs Jpy 1H

Preferably, I believed market only performed a "throw-over" pattern which is represent a typical bullish trap scenario. Expecting market will perform a bearish trend either to complete corrective wave E in 4 (magenta) or major corrective wave B (white or yellow). Therefore, advisable to look for any bearish entry signal from BSTS later. Otherwise, please be careful for any breakout towards the white/yellow critical line. Good luck.

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