Thursday, February 18, 2010

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


Gbp vs Jpy (1H) - At this moment, I'm looking forward for a true breakout towards the lower yellow trendline to bolster towards either the alt counts in magenta or latest white scenario. Otherwise, please be careful for any bullish trend and any breakout towards the S3 critical line (aqua scenario).


Gbp vs Jpy (4H) - Preferably, I believed market will perform a bearish continuation trend either to perform subwave b in white or subwave 3 in magenta.


Aud vs Usd (Daily) - Favourably, as long the white critical line is remain intact, I'm looking forward for a major bearish continuation trend scenario with condition subwave 2 is already completed refering to the alt count in white scenario. Otherwise, we may see a "bull trap" scenario until the upper green trendline perhaps to complete subwave 2 in magenta.


Usd vs Cad (Daily) - Preferably, I believed subwave 2 is already completed and looking forward towards a major bullish continuation trend scenario to complete subwave 3 in C. Otherwise, please be careful for any "bearish trap" scenario or any breakout towards the yellow critical line. Happy weekend and good lucks.