Tuesday, August 4, 2009

Gbp vs Jpy 1H


Please be noted that the previous alt count in yellow is already invalid. Preferably, I'm looking forward for any possibilitiy towards a bearish reversal trend refering to the alt count in white and a "double top/diagonal triangle" reversal pattern scenario. A breakout to thr lower yellow trendline would bolster to this scenario. Otherwise please be careful for any strong breakout towards the bullish continuation critical line 3 or any bullish trap (throw-over) pattern scenario. Good luck.

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