Monday, July 27, 2009

Gbp vs Jpy 1H


At this moment, I believed more likely market will perform another bullish continuation trend either to complete corrective subwave b in magenta or a truncated subwave 5 in yellow or a diagonal triangle reversal pattern refering to the alt count in white. Therefore, favourably advisable to look for any good bearish entry signal from BSTS later. Otherwise a breakout towards the lower yellow trendline would indicate that perhap corrective subwave c is already in progress. Good luck.

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