Thursday, March 17, 2011

Gbp vs Jpy 1H

At this moment, I believe market in progress to complete corrective wave A either refering to the alt counts in yellow, aqua or white. Therefore, once this completed, I'm looking forward for a bearish retracement trend scenario to complete corrective wave B. A valid trap pattern and follow by a breakout toward the bearish continuation critical line 1 would bolster to this scenario. Otherwise, we may see an extension of corrective wave A either in aqua or white. Happy weekend and good luck.