Sunday, April 25, 2010

Gbp vs Jpy 4H

At this moment, I'm looking towards a pullback (Bull trap) scenario to bolster to the alt count in white or magenta. Otherwise, another bullish rally would confirm that market in progress to complete wave 5 in yellow before expecting for any possibility towards a bearish reversal trend scenario. Therefore, at the moment, I would suggest to look for any possibility towards a pullback scenario from the major upper yellow trendline to perform corrective wave a, b and c either in white or magenta. Good luck.