Monday, November 12, 2012

Gbp vs Jpy (1H) & Aus vs Usd (4H)

Gbp vs Jpy (1H) - Favourably, I believe market in progress to perform a bullish retracement trend scenario refering to the alt count in yellow. Otherwise, we may see a "bear trap" pattern refering to the alt count in white. 

Aud vs Usd (4H) - Preferably, I'm looking forward for an opportunity toward a strong bearish reversal trend scenario either refering to the alt count in yellow or aqua. A breakout toward the lower yellow trendline would bolster to this scenario. Please be careful for any potential of "bull trap" pattern in aqua. Good luck.