Friday, May 23, 2008

Gbp vs Jpy 1H


At this moment, I divided market in 3 possible scenario's which is :
1) Count Yellow - retracement phase to complete wave iv before another bullish continuation to complete a truncated of wave v (wave iii is already completed).
2) Count Magenta - retracement phase to complete wave iv before another bullish continuation to complete an impulsive of wave v (wave iii is already completed).
3) Count White - expecting to see a bullish continuation to complete wave iii before a bearish retracement phase to complete wave iv later.
Therefore please study all this new scenario's including the new retracement critical line, and look for any good signal from BSTS for respectives scenario. Please make an analysis to the BSTS Daily and Weekly chart before making any entry.
Tips - look for any bullish continuation signal and later a bearish reversal signal from BSTS.

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