Tuesday, October 26, 2010

Gbp vs Jpy 1H


At this moment, I believed market just completed the "bear trap" structures in the typical "diagonal triangle" reversal pattern in yellow. Market have to perform a breakout towards the upper yellow trendline to bolster this scenario in order to perform corrective wave a either in white or yellow. Otherwise, this scenario would critically invalid if market still continue to break the S3 critical line. Good luck.

Monday, October 25, 2010

Gbp vs Jpy 1H


At this moment, I'm looking forward for a potential "bear trap" scenario to perform a bullish reversal trend to complete corrective wave C either in white or yellow. A breakout towards the upper yellow trendline and pivot critical line would bolster to this scenario. Otherwise, please be careful for any breakout towards the S3 critical line. Good luck.

Friday, October 22, 2010

Gbp vs Jpy 1H


At this moment, a strong breakout or bounce from the white/yellow critical line is still yet remain to be seen to determine which alt count thats in favour. Preferably, I'm looking towards a potential "bear trap" scenario either in white or yellow. Otherwise, we may see another strong bearish rally towards the previous low of 118. Happy weekends and good luck.

Thursday, October 21, 2010

Gbp vs Jpy 1H


Favourably, I believed market in progress to complete corrective wave a refering to the alt count in yellow. Otherwise, please be careful since market have potential to perform a bearish trend either to complete corrective wave b in white (bear trap) or wave iii in magenta. Good luck.

Wednesday, October 20, 2010

Gbp vs Jpy, Eur vs Usd & Aud vs Cad - Market Overview


Gbp vs Jpy (1H) - Please be noted that the previous alt count in white and yellow is already invalid. Preferably, I believed bear trend is already exhausted and therefore, I'm still looking toward a potential bullish reversal trend scenario later either refering to the alt count in white or yellow.


Eur vs Usd (4H) - Preferably, I believed market in progress to perform either corrective wave a in magenta or subwave iv either in white or yellow. Another bullish continuation trend would bolster to the "head and shoulder" bearish reversal pattern refering to the alt count in magenta. Otherwise, we may see another bearish retracement trend scenario either to complete subwave iv in white or yellow.


Aud vs Cad (4H) - Favourably, I believed the bullish rally is already exhausted and therefore, I'm looking forward for a potential bearish reversal trend scenario in yellow. A valid diagonal triangle pattern would bolster to this scenario. But, please be careful that we may see a "bull trap" pattern to perform major wave 5 in white. Good luck.

Tuesday, October 19, 2010

Gbp vs Jpy 1H


At this moment, I believed market just completed a "bear trap" pattern and therefore, I'm expecting market to perform a bullish reversal trend scenario to complete subcorrective wave c either in white or yellow. A breakout towards the pivot critical line would bolster to this scenario. Otherwise, please be careful for any breakout towards the S3 critical line. Good luck.

Monday, October 18, 2010

Gbp vs Jpy 1H


At this moment, I'm looking forward towards a bullish reversal trend opportunity either refering to the alt count in white or yellow. Oherwise, please be careful for another bearish continuation trend scenario in magenta. Please analyse BSTS entry plan before making any decission. Good luck.

Friday, October 15, 2010

Gbp vs Jpy 1H


Preferably, I believed market have a potential to perform a bearish continuation trend scenario either to perform subwave b in yellow or wave 5 in magenta. A valid "rising wedge" pattern and followed by a breakout towards the lower yellow trendline would bolster to this scenario. Otherwise, we may see a strong bullish trend to perform subwave 3 in white. Happy weekends and good luck.