Friday, June 19, 2009

Gbp vs Jpy 1H

Due to the market failed to break the bearish continuation critical line 1, therefore I have to do a recount towards the alt count in yellow. Favourably, I'm looking forward for another bearish continuation trend scenario in 5 waves bearish structure refering to the alt count in yellow. But, please be careful for any breakout toward the major green upper trendline which would bolster towards either the alt count in gray or white scenario (or even magenta). From my point of view, advisable to look for any bearish entry signal from BSTS or any system that you are using later. Good luck and happy weekends.

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