Friday, August 28, 2009

Gbp vs Jpy 1H & Daily


Chart 1H - Favourably, I believed market will perform another bearish continuation trend to perform either subwave v in white or yellow before expecting for a bullish retracement trend. Therefore, please be careful for any bullish retracement trend scneario once subwave v is completed (impulsive or truncated).


Chart Daily - Preferably, I believed market already in progress to perform a major wave 5 either in yellow or white. Another strong bearish continuation trend would bolster towards the alt count yellow scenario otherwise please be noted that market have a strong probability towards a bullish retracement trend scenario to perform subwave 2 in white before expecting for another major bearish continuation trend scenario. So, please be extra careful for that. Good luck and happy weekends.

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