Wednesday, October 14, 2009

Gbp vs Jpy 1H & Daily


Chart 1H - At this moment, I'm looking forward for any possibility towards a pullback scenario from the major upper green trendline to bolster the bearish continuation trend scenario. Please be extra careful since at the moment, its not very clear which alt counts that is more favourable even though I believed market will perform another strong bearish continuation trend scenario. Therefore, please be careful for any possibility towards a strong bullish retracement trend either refering to the alt count in white or magenta.


Chart Daily - Preferably, I believed market will perform another major bearish continuation trend scenario either refering to the alt counts in yellow, white or magenta. Just be careful for any possibility towards a strong bullish retracement trend (magenta) or a truncated major wave 5 (yellow).