Thursday, August 6, 2009

Gbp vs Jpy 1H


At this moment, I'm looking forward for a bearish reversal trend refering to the alt count in white to perform corrective subwave c. But, please be careful since market may also showed a horizontal triangle pattern (ascending triangle) which may bolsters towards the bullish continuation trend scenario. Therefore, please be careful for any possibility towards a bullish trap pattern (yellow) or a strong bullish continuation trend scenario (magenta). Also please be noted that there will be an announcement of NFP tomorrow 8.30pm (GMT+8). Overall, I'm expecting for a bearish reversal trend either in white or yellow. Good luck.

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