Tuesday, April 29, 2008

Gbp vs Jpy 1H Update #2


At this moment, price already break my bullish continuation line 2. Unless the price make a strong true breakout to the bullish continuation line 3, the wave 5 truncated scenario would still be valid. A true breakout to the lower red trendline would bolster the bearish reversal trend scenario. Therefore please be extra carefull and please wait for any signal from BSTS 3 before making any entry. Good luck.

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