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Sunday, December 14, 2008
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview
Chart 1H - Preferably, I'm looking forward for an opportunity towards a bullish reversal trend scenario referring to the alt count in white or yellow. But please be extra careful for any "throw-over" pattern or further bearish continuation trend. Advisable to look for any bullish reversal entry signal from BSTS later next week.
Chart 4H - Favourably, a true breakout to the upper green major trendline and later to the bullish continuation critical line 2 would bolster the bullish reversal trend scenario. Meanwhile, a further breakout to the major bearish continuation critical line would favor to the alt count in magenta but please be careful for any "throw-over" pattern.
Chart Daily - Please be noted that there is a possible "diagonal triangle" reversal pattern referring to both yellow trendlines. If this pattern if valid, I believe we shall see a bullish reversal trend later next week. But please be extra careful for any breakout to the major bearish continuation critical line.
Summary :
1) Preferably I'm looking forward for an opportunity towards any bullish reversal trend scenario. A valid "diagonal triangle" pattern and a further breakout to the upper green trendline would bolster this scenario.
2) Otherwise, please be careful for any bearish continuation trend or any "throw-over" pattern scenario.
Good lucks.
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