Wednesday, October 29, 2008

Gbp vs Jpy 1H


Due to the breakout of the previous magenta critical line, therefore the earlier alt count in magenta is already invalid. Preferably, I believed market still in progress to complete the corrective subwave 4 (magenta or yellow) before expecting for another bearish continuation to perform either a truncated subwave 5 (yellow) or an impulsive subwave 5 (magenta). But please be careful for any possibility market already in bullish reversal trend referring to the latest alt count in white. Advisably to look for any bearish continuation entry signal later form BSTS. Good luck.

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