Tuesday, March 16, 2010

Gbp vs Jpy 1H

At this moment, I'm looking forward for a bearish trend and a pullback scenario either refering to the alt counts in white or magenta. A valid "rising wedge" pattern and a breakout towards the pivot critical line would bolster to this scenario. Otherwise, please be careful for a "bull trap scenario" or any breakout towards the R3 critical line. Good luck.