Sunday, March 7, 2010

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


Gbp vs Jpy (4H) - Preferably, I'm looking forward for another bearish continuation trend scenario to perform subwave 5 either in white or magenta. Therefore, advisable to look for an opportunity towards a bearish continuation entry signal from BSTS later.


Gbp vs Usd (Daily) - At this moment, I believed market just perform a bullish retracement trend scenario either to complete subwave iv in yellow or wave 4 in magenta and therefore I'm expecting towards a bearish continuation trend scenario to complete either subwave v in yellow or wave 4 in magenta.


Aud vs Usd (Daily) - At this moment, I'm looking for a possible completion of wave 2 in white and therefore I'm looking forward towards a bearish continuation trend scenario to perform subwave i in white. A strong pullback from the upper green channel trendline would bolster to this scenario. Otherwise, we may see another exausted bullish rally perhap to complete wave 2 in magenta.


Usd vs Cad (Daily) - Preferably, I'm looking towards a reversal "triple bottom" pattern scenario either refering to the alt counts in yellow or white. Therefore, advisable to look for a bullish reversal entry signal from BSTS later. Otherwise, please be careful for a "bearish trap" scenario. Good luck.