Monday, February 7, 2011

Gbp vs Jpy 1H

At this moment, please be noted that the previous alt count in aqua is already invalid. Favourably, I'm looking forward for a potential bearish reversal trend scenario refering to the alt count in yellow. A valid "bull trap" scenario and a breakout toward the S3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend scenario to perform the incomplete or major wave 5 in white. Good luck.