Wednesday, February 17, 2010

Gbp vs Jpy, Aud vs Usd, Usd vs Cad & Eur vs Usd - Market Overview

Gbp vs Jpy (1H) - At this moment, unless market perform a strong breakout towards the upper green trendline, then we may see a bearish trend to be perform 1st either to complete subwave b in aqua or wave v in magenta.

Gbp vs Jpy (4H) - Please be noted that a valid rising wedge pattern would bolster towards the alt count in magenta scenario to complete wave v or subcorrective wave b in aqua. Otherwise we may see a bullish continuation trend to complete subcorrective wave c in white.

Aud vs Usd (Daily) - Preferably, I believed market in progress to complete subwave 2 either in white or magenta. Therefore advisable to look for an opportunity towards a major bearish continuation trend scenario to perform subwave 3 from BSTS later.

Usd vs Cad (Daily) - Favourably, I believed market in progress to complete subwave 2 in yellow. Advisable to look for a bullish continuation trend scenario entry signal from BSTS later once subwave 2 is completed. Otherwise, please be careful for any breakout towards the yellow critical line.

Eur vs Usd (4H) - Favourably, I'm looking forwards for a bullish retracement trend scenario either to complete subcorrective wave c/2 in white or wave 4 in magenta.

Eur vs Usd (Weekly) - I believed market in progress to perform a bullish retracement trend to complete subwave 2 in white before expecting for another major bearish continuation trend scenario. Therefore, advisable to look for any opportunity towards a bearish entry signal from BSTS later. Good luck.

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