Thursday, October 7, 2010

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


Gbp vs Jpy (1H) - At this moment, please be careful for any possibility towards a bullish continuation trend scenario either to perfom subwave ii in yellow or the unfinish wave 5 in white. Otherwise, we may see another strong bearish continuation trend scenario to complete subwave iii in magenta.


Aud vs Usd (Daily) - At this moment, I'm looking towards a "double top" and a major bearish reversal trend scenario the perform corrective wave a in yellow. Otherwise, please be careful for another bullish rally to complete the unfinish of wave 5 in magenta (bull trap).


Aud vs Cad (Daily) - I believed market just performed a "bull trap" scenario of major corrective of wave b and expecting towards a major bearish reversal trend to perform major wave C either in yellow or white.


Aud vs Cad (4H) - Preferably, I believed just perform a subcorrective wave b in yellow and therefore, I'm looking forwards for a bearish reversal trend to complete subcorrective wave c in higher degree of corrective wave a in yellow. Otherwise, please be careful for another breakout towards the bullish continuation critical line 1. Happy weekends and good luck.