Tuesday, July 21, 2009

Gbp vs Jpy 1H


Preferably, I believed subwave 5 in c/2 is already completed (white/yellow) and I'm looking forward market to perform a bearish reversal trend to complete corrective wave a,b and c in cyan or major wave 3. A breakout towards the lower red trendline would bolster to this scenario. Otherwise please be careful for any bullish continuation trend scenario if wave 2 still not complete yet (magenta). Good luck.

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