Monday, May 11, 2009

Gbp vs Jpy 1H Update #1


At this moment, I believed market in progress to complete subcorrective wave c in cyan. Preferably, I'm looking forward for a major bearish retracement trend refering to the alt count in yellow. Otherwise, please be careful for any possibility towards a bullish continuation trend scenario if subcorrective wave c in cyan is only a wave 2 in magenta. A further breakout to the bearish continuation critical line 1 would bolster to both scenario. Good luck

No comments: