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Monday, February 8, 2010
Gbp vs Jpy, Aud vs Usd & Usd vs Cad - Market Overview
Gbp vs Jpy (4H) - Preferably, I believed market just performed a "bearish trap scenario" and I'm expecting towards a bounce scenario to perform subcorrective wave e/2 in white. Otherwise, we may see another bearish continuation trend scenario refering to the alt count in magenta.
Gbp vs Jpy (Weekly) - I believed market will bounce first to complete subcorrective wave e in aqua 1st before another possibility towards a major bearish continuation trend scenario. Otherwsie, this count would be invalid if there is a strong breakout towards the lower yellow trendline.
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