Thursday, May 8, 2008

Gbp vs Jpy 1H


I believed market already in bearish corrective trend at the moment. Expecting to complete the corrective sequences a b c for the bullish truncated trend 1 2 3 4 5 in previous month (yellow). A true breakout to the bearish continuation line 2 & 3 would bolster this scenario. Please study all possible counts and wait for a bearish continuation signal later from BSTS. Good luck.

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