Sunday, November 22, 2009

Gbp vs Jpy, Gbp vs Usd and AUD - Market Overview


Gbp vs Jpy (1H) - Preferably, I'm looking forward market to perform a bearish continuation trend refering to the alt count in aqua and white. Otherwise, please be careful for a truncated scenario in magenta.


Gbp vs Jpy (Daily) - Favourably, I'm looking forwards for a breakout to the bearish continuation critical line 1 to bolster towards a bearish continuation trend scenario. Otherwise, please be careful for any bullish rally to complete the unfinish wave 2 in magenta.


Gbp vs Usd (Daily) - Favourably, I believed market will perform a bearish reversal trend to perform corrective wave c in yellow. Otherwise, please be careful for any bullish trend to complete the unfinish corrective wave b in magenta.


AUD (Daily) - Preferably, I'm looking forward market to complete subcorrective wave a in white before expecting for a bullish retracement trend perhaps to complete a "Head and Shoulder" pattern (bearish reversal) for subcorrective wave b. Therefore, advisable to look for a good opportunity towards a bearish reversal entry signal from BSTS later within this week. Otherwise, please be careful for another bullish rally scenario to complete wave v n 5 refering towards the alt count in yellow. Good luck.