Monday, July 7, 2008

Gbp vs Jpy 1H


Price have to make a breakout from the teal triangle either to the upper or lower trendlines. Please be carefull for any bullish trap or false breakout to the upper green trendline. But if the price continue moving upwards until break the bullish continuation line 1 and 2, the bearish continuation scenario would be in major doubt. Preferably, I'm still looking for any possible bearish trend to complete corrective wave c (magenta or yellow). Good lucks.

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