Thursday, May 1, 2008

Gbp vs Jpy 1H Update #3


Unless the bullish continuation line 2 & 3 is taken, I believed market in wave b (yellow) and expecting to see another major bearish trend later this week. Otherwise we may see a strong bullish continuation according to white count. Advisable to look for an entry signal from BSTS 3 but make sure to wait for an entry confirmation from BSTS 2. Good luck.

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