Wednesday, October 15, 2008

Gbp vs Jpy 1H


At this moment, I divided market in 3 possible alt counts scenario which is :-

1) Magenta - market already completed wave a and in progress to perform corrective wave b.

2) Yellow - market in progress to perform subwave 4 in c in a before expecting a truncated subwave 5 in c in a.

3) White - market in progress to perform subwave 4 in c in a before expecting an impulsive subwave 5 in c in a.

Therefore, overall strategy, advisable to look for any bullish continuation entry signal later from BSTS either to perform wave c in magenta or subwave 5 in yellow and white.

Good luck.

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