Tuesday, November 3, 2009

Gbp vs Jpy 1H


At this moment, please analyse carefully all 3 possible alt counts in the chart (magenta, white and yellow). Favourably, unless market perform a strong breakout towards the s3 critical line (magenta - corrective abcde scenario), then I believed we shall see another bullish trend to complete the unfinish wajor wave 2 in white before expecting for any strong bearish continaution trend scenario. Please be careful trading within this week since its a NFP week (Friday 9.30 pm GMT +8). Advisable to wait for the market to unfold 1st before making any decission to enter the market. Good luck.