Sunday, February 6, 2011

Gbp vs Jpy 1H

At this moment, I'm looking forward for a potential bull trap scenario to complete subwave v/b in yellow before expecting toward a potential of bearish reversal trend scenario. Please be noted that market also have strong potential toward a another bullish continuation trend scenario to complete subwave 3 in 5 refering to the alt count in white. A valid "ascending triangle" bullish continuation pattern would bolster to this scenario. Good luck.