Tuesday, July 13, 2010

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

Gbp vs Jpy (4H) - I believed market just performed a "bull trap" scenario (false breakout) and looking forward for a 'pullback" to the downside. Otherwise, please be careful for any breakout towards the magenta critical line.

Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major corrective wave C either in magenta or white. Therefore, advisable to look for any good opportunity towards a bearish entry either refering to the alt count in magenta or white from BSTS later.

Usd vs Cad (Daily) - Favourably, I believed market will perform a bullish reversal trend scenario to complete 5 bullish wave structures either in yellow or white.Otherwise, please be careful for any breakout towards the yellow or white critical line. Good luck.