Sunday, September 19, 2010
Gbp vs Jpy 1H, Aud vs Usd & Aud vs Cad - Market Overview
Gbp vs Jpy (1H) - At this moment, I'm looking forward for either a bearish retracement trend scenario in white to perform wave 4 or a bearish reversal trend scenario to perform corrective wave a. b and c in magenta. A reversal formation of a H and S later would bolster towards the alt count in magenta. Otherwise, please be careful for another bullish continuation trend in yellow.
Aud vs Usd (Daily) - At this moment, I'm looking forward for a possible triple top scenario either in white or magenta. Therefore, please be careful for a possible "bull trap" scenario later. A strong pullback and follow by a breakout towards the lower red trendline would bolster to this scenario. Otherwise, please be careful another bullish rally perhap to complete a "double top" of wave 5 in yellow.
Aud vs Cad (Daily) - At this moment, I believed market in progress to complete subwave 5 either in white or yellow before expecting for a major bearish reversal trend scenario. Therefore, advisable to look towards any potential bearish reversal entry from BSTS 3 later. Please be careful for a possible "bull trap" pattern later. Good luck.