Thursday, March 25, 2010

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


Gbp vs Jpy (4H) - At this moment, I'm looking forward towards a bearish continuation opportunity refering to the subwave count in aqua. Otherwise, this scenario would be invalid if market continue to break the bullish continuation critical line 1.


Gbp vs Usd (Daily) - Preferably, I'm looking forward for a breakout towards the bearish continuation critical line 1 to bolster the bearish continuation trend scenario. Otherwise, please be careful for any bounce scenario perhaps to perform the unfinish of wave 4.


Eur vs Usd (4H) - Favourably, I believed market in progress to complete subwave 5 in 1 refering either to the alt count in yellow or magenta. Please be careful for a possible strong bullish retracement trend later to perform major wave 2.


Aud vs Usd (Daily) - As long the white critical line is remain intact, I strongly believed market in progress to perform a major bearish reversal trend scenario refering to the alt count in white. Otherwise, please be careful for another "bull trap" scenario perhaps to perform major corrective wave B in magenta.


Usd vs Cad (Daily) - Preferably, I believed market just perform a "bearish trap" scenario and looking forward towards a major bullish reversal trend scenario either refering to the alt count in yellow or white. Otherwise, please be careful for any possible "bearish trap" scenario. Happy weekend and good lucks.