Wednesday, May 4, 2011

Gbp vs Jpy 1H

At this moment, I'm looking forward for a potential of "bear trap" scenario refering to the alt count in yellow. A bounce and follow by a breakout toward the pivot critical line would bolster to this scenario. Otherwise, I believe market may perform a bearish continuation trend scenario either refering to the alt counts in aqua or magenta before expecting any potential of bullish reversal trend scenario.