Monday, October 17, 2011

Gbp vs Jpy 1H & 4H


Gbp vs Jpy (1H) - At the moment, I'm looking forward for a bearish retracement trend scenario to perform either subwave 2 in yellow or aqua. Otherwise, we may see a LTL bounce and bull trap scenario in white.


Gbp vs Jpy (4H) - Preferably, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. A strong bounce from either FR 50% or 61.8% would bolster to the alt count in yellow scenario. Otherwise, we may see a "triple bottom" scenario. Good luck.