Friday, April 3, 2009

Gbp vs Jpy 1H


At this moment, please analyse all possible alt counts. Market already in favour towards the bullish continuation scenario either in white or magenta. But, please be noted that, I believed market have to perform a bearish retracement trend to complete wave 2 (white or magenta) before expecting for another strong bullish continuation trend. Otherwise, if the major lower red trendline is taken, then market in favour toward the alt count in yellow. Please be careful for any bullish trap scenario. Good luck and happy weekends.

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