Monday, October 25, 2010

Gbp vs Jpy 1H


At this moment, I believed market just completed the "bear trap" structures in the typical "diagonal triangle" reversal pattern in yellow. Market have to perform a breakout towards the upper yellow trendline to bolster this scenario in order to perform corrective wave a either in white or yellow. Otherwise, this scenario would critically invalid if market still continue to break the S3 critical line. Good luck.