Thursday, June 18, 2009

Gbp vs Jpy 1H

At this moment, I'm looking forward for any possibility towards an extension of subwave 3 (cyan) in iii (yellow). But please be careful for any double bottom scenario which is we may see another bullish retracement rally either to perform a corrective wave b in gray or wave 5 in white. Otherwise, all those bearish scenario will be invalid if there is a further true breakout toward the bullish continuation critical line 2 that would bolster the alt count in magenta scenario. Good luck.

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