Thursday, April 8, 2010

Gbp vs Jpy 1H

At this moment, I'm looking towards a truncated scenario either in aqua or white. A pullback from R3 critical line and follow by a breakout toward the pivot and S3 critical line would bolster toward the alt count in aqua. Otherwise, a breakout to the aqua critical line would indicate market may in progress to complete subwave 5 either in white (truncated/double top) or yellow/magenta (impulsive). Happy weekends and good luck.