GBP/JPY Updated 17 Nov 08

Salam,

Double Bottom pattern, what does it mean??? maybe it should be Bullish this time....

Please watchout on price level i've already markdown...

Decision Making & Why??

BUY = i) I'm on position buy becoz i'm seeing Double Bottom on H4 Chart. ii) I'm looking for retracement from previous Bearish action within Fibonacci Retracement (FR) 50.00, 61.80.

SELL = i) Maybe it's a Bullish trap, Main trend still on Bearish via Daily Chart. ii) Watchout for breakout on Lower TL H4( Red Color).

So??? Make ur choice and watchout for important level for posibble Support n Resistance. Dont forget to set SL huh.... Gud Luck