Gbp vs Jpy (1H) - At this moment, I'm looking forward for a bearish reversal trend to perform corrective wave a, b and c in white. But, please be careful since market is alos in favour to perform another bullish continuation trend to complete a "throw-over/bullish trap" scenario of wave 5/b in yellow. Otherwise we may see another bullish rally (167.59) to complete major wave 4 in magenta. Advisable to look for any opportunity towards a bearish reversal trend scenario either in alt counts in white or yellow.
Gbp vs Usd (Daily) - At this moment, market already reached the upper channel trendline. Therefore, I'm looking forward for any possibility towards a pullback/bearish reversal trend scenario either a completion of major wave 4 in magenta or subwave v in yellow. Otherwise, please be careful since market have a big possibility to perform a bullish continuation trend refering to the alt count in white.
Good luck.
Last edited by Nica; 08-06-2009 at 01:26 PM.
|