Wednesday, February 16, 2011

Gbp vs Jpy 1H

At this moment, I believe the bearish reversal trend scenario have a very good potential which is in favour to perform corrective wave a either refering to the alt counts in white (HnS) or aqua. A valid sub-rising wedge and a breakout toward the lower red trendline would bolster to this scenario. Otherwise, please be careful for another bounce scenario to perform a bull trap of subwave 5 in yellow. Good luck.