Tuesday, March 2, 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 for a further bearish continuation trend scenario. A valid "descending triangle" pattern and a breakout towards the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any breakout towards the upper yellow trendline.


Gbp vs Usd (Daily) - At this moment, I'm looking forwards for a bearish continuation trend scenario, favourably to complete subwave v in yellow. Otherwise, please be careful for any further bullish retracement trend scenario.


Eur vs Usd (4H) - At this moment, please analyse all 3 possible alt counts. A further bullish retracement trend scenario would indicates that perhaps market either in progress to complete subcorrective wave a in white or subwave iv in yellow. Otherwise, we may see a bearish continuation trend scenario if the white critical line is taken.


Aud vs Usd (Daily) - At this moment, I'm looking forward for a bearish reversal trend scenario refering to the alt count in white to perform subwave i. Otherwise, please be careful for any bullish continuatio in trend scenario perhaps to complete the unfinish wave 2 in magenta.


Usd vs Cad (Daily) - Favourably, I believed wave 2 in yellow is already completed and looking forward for a bullish reversal trend scenario. Therefore, advisable to look for any possibility towards a bullish reversal enrtry signal from BSTS. Otherwise, please be careful for any "bearish trap" scenario refering to the alt count in white scenario.