Sunday, May 16, 2010

Gbp vs Jpy 1H

At this moment, I believed market in progress to complete wave 3 either in yellow. white or magenta. Therefore, I'm expecting for any possibility towards a bullish retracement trend scenario later to perform wave 4. Please be noted that we may seem to see an extension of wave 3 in magenta but please be careful for any "double bottom" or a "bear trap" scenario. Good luck.