Monday, January 11, 2010

Gbp vs Jpy 1H, Aud vs Usd, Aud vs Cad & Usd vs Cad - Market Overview


Gbp vs Jpy (1H) - At this moment, I'm looking forward for a breakout to the lower yellow trendlines to bolster towards the bearish continuation trend to perform subwave 3 in white. Otherwise, please be careful for any breakout towatds the pivot critical line.


Gbp vs Jpy (Daily) - At this moment, I'm looking forwards for a valid "rising wedge" bearish continuation pattern to bolster towards the major bearish continuation trend scenario to complate major wave 5 either in white or magenta. Otherwise, please be careful for any breakout towards the upper green trendline.


Aud vs Usd (Daily) - I believed market will perform a major bearish reversal trend scenario to complete major corrective wave C in 5 bearish wave structures. Otherwise, please be careful for another bullish rally perhaps to perform a "bullish trap" scenario for corrective wave B in magenta.


Aud vs Cad (Daily) - Preferably, I'm looking forwards for a major bearish reversal trend scenario either in yellow or white (triple top) to perform major corrective wave in C. Please be careful for any breakout towards the yellow critical line.


Usd vs Cad (Daily) - I believed market will start to perform a major bullish reversal trend to complete major corrective wave C in 5 bullish wave structures. But please be careful for any bearish retracement trend scenario to perform subwave 2 later.
Summary - Please make your own trading plan and try to wait and find for any possible "Sell Top" or "Buy Bottom" entry from BSTS later. Good luck.