Thursday, October 29, 2009

Gbp vs Jpy 1H

Please be noted due towards the strong bullish trend yesterday, therefore the previous alt count in magenta and aqua is already invalid. At this moment, I'm looking forward towards another bearish continuation trend scenario to perform subcorrective wave c once subcorrective wave b is completed either in white or magenta. Please be careful for any "double top" or bullish trap scenario. Otherwise, we may see another strong bullish continuation trend scenario refering to the alt count in yellow. Good luck and happy weekends.