Tuesday, June 23, 2009

Gbp vs Jpy 1H

Preferably, I believed, market in progress just to perform a subwave i before expecting for a bullish retracement trend to complete subwave ii in yellow. Please be aware that there is a possibility that market may perform an extension of subwave i if there is a true breakout towards the white critcal line. Otherwise if market fail to break it and perform a bounce scenario, then perhaps subwave i (yellow) is already completed. My advise is please look for any bearish continuation entry signal later either from BSTS or any trading system that u have. Otherwise, please be careful for any bullish retrcement or bullish continuation trend and any breakout towards the upper green trendline. Good luck.

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