Monday, August 4, 2008

Gbp vs Jpy 1H


At this moment I'm looking for a bearish continuation to perform subwave iii in yellow. A true breakout to the lower red trendline (teal triangle) would bolster this scenario. Otherwise if the price break the yellow critical line then this alt count (yellow) would be invalid and market would favour to the alt count either in magenta or white. Advisable to look for any bearish continuation signal from BSTS later if the bearish continuation scenario (yellow or magenta) still valid. Good luck.

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