Monday, December 20, 2010

Gbp vs Jpy and Aud vs Usd - Market Overview


Gbp vs Jpy (1H) - Please be noted that the previous alt counts in aqua and white is already invalid. Preferably, I'm looking for a potential bounce scenario either in yellow or white. Otherwise, we may see a strong bearish continuation trend scenario to complete subwave 3 refering to the alt count in aqua.


Gbp vs Jpy (Weekly) - At this moment, I'm looking forward for a potential "truncated"major wave 5 scenario either refering to the alt count in yellow or white to perform a bullish reversal major trend. Otherwise, we may see an impulsive of major wave 5 in magenta.


Aud vs Usd (Daily) - Preferably, I'm looking forward for a potential major bearish reversal trend scenario to perform subcorrective wave b and c either refering to the alt counts in yellow or white. A valid "Head and Shoulder" pattern would bolster to this scenario. Please be extra careful for a potential "double top" scenario (b in white) or further bullish continuation trend scenario to complete major wave 5 in magenta. Good luck.