Sunday, November 16, 2008

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview


Chart 1H - Preferably, I'm looking forward for any possibility towards a bullish reversal trend either referring to the alt count in white, yellow or magenta. Therefore, please analyse all trendlines and critical lines for any breakout. Please be noted that both alt counts in white and yellow would be invalid if there is any true breakout to the bearish continuation critical line 1.


Chart 4H - Please be noted that if the diagonal triangle pattern is valid, then favourably, we shall see a bullsih reversal trend later next week. But please be careful for any "throw over" or bearish trap scenario.


Chart Daily - I'm looking forward for a completion either a truncated subwave 5 in 5 (yellow) or impulsive subwave v in 5 (magenta). Therefoe, advisable to look for any bullish reversal entry signal from BSTS later next week.
Summary :
1) Advisable to look for any bullish reversal trend later next week to perform corrective a, b and c once wave 5 is completed (white or yellow).
2) But please be careful for any bearish trap scenario (yellow) or a bearish continuation trend to perform an impulsive subwave v in 5 (magenta).
Good luck.

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