Wednesday, February 17, 2010
Gbp vs Jpy 1H & 4H
At this moment, a breakout towards the lower yellow trendline would bolster towards the alt count in magenta scenario. Otherwise, a breakout towards the R3 critical line would bolster towards the alt count in white scenario to complete corrective wave e in 2.
At this moment, advisable to look for any opportunity towards a bearish entry from BSTS either market in progress towards the alt counts in magenta, aqua or white scenario. Please be noted that a further bullish continuation trend scenario would indicates that market either in progress to complete subcorrective wave c in aqua or corrective wave e/2 in white. Otherwise, we may see a bearish continuation trend scenario refering to the alt count in magenta. Good luck.