Wednesday, July 22, 2009

Gbp vs Jpy 1H


At this moment, price already break the lower yellow diagonal trendline. Favourably, I believed market in progress to perform corrective a,b and c either in cyan/yellow or white. A breakout towards the bearish continuation critical line 1 would bolster to the alt count in cyan/yellow otherwise a bounce scenario would indicates that perhap subwave b still in progress (white). Please be noted that both alt counts in yellow and white would be invalid if the white/yellow critical line is taken. Good luck.

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