Wednesday, June 3, 2009

Gbp vs Jpy 1H

At this moment, I'm looking forward for a bearish retracement trend to perform wave 4 either in white or magenta before expecting for another bullish continuation trend. Preferably, please be noted that there is possibility that wave 5 could be only a truncated wave (white). Unless the white critical line is taken, advisable to look for any bearish entry signal from BSTS later. Otherwise we may see an impulsive wave 5 in magenta or an extension of wave 3 in yellow. Good luck.

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