Thursday, November 13, 2008

Gbp vs Jpy 1H


Please be noted that, due to the further bearish continuation trend, the previous alt count in white is already invalid. Therefore, please analyse the latest possible updated alt counts in the chart. Preferably, I believed market in progress to complete subwave v in 5 and I'm looking forward for an opportunity to find a possible bullish reversal trend once wave 5 is complete. But please be noted also that wave 5 could be a truncated wave (white or magenta) or an impulsive wave. Also, please be careful for any bearish trap scenario. Please confirm any possible bullish reversal signal from BSTS later. Good luck.

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