Wednesday, May 11, 2011

Gbp vs Jpy 1H

At this moment, market already pullback from the magenta critical line. Favourably, I'm looking for a potential of bullish reversal trend scenario refering to the alt count in yellow. A strong bounce either from the pivot or S3 critical line would bolster to this scenario. Otherwise, we may see a "bear trap" scenario in white. Good luck.