Friday, July 31, 2009

Gbp vs Jpy 1H


At this moment, price already break the upper green trendline. Therefore, please be noted that the alt count in magenta is already invalid. Preferably, I believed market just perform a bullish trap scenario ("throw over" pattern) either a corrective wave b in yellow or wave c/2 in white before expecting for a bearish reversal trend scenario. Advisable to look for any possibility towards a bearish entry from BSTS later. Please be noted that this scenario will be invalid if the respective yellow or white high critical line is taken. Happy weekends and good luck.

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