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Market Commentary:
1. The 5 waves in "C" wave of (C) or (b) completed in today's low or may be one more low to 1.3050 is also possible but it is getting ready to shoot.
2. This is a positional trade plan. First target we can fix to 1.3850 and then we need to watch the wave formation whether it is making a 3 waves or impulse 5 waves structure to reach 1.5 in future.
3. But there is a chance from here to shoot to 1.5...so we cant say now itself . but what we have to do is....need to execute as per your trade analysis.
4. We are getting a Bullish divergence in daily TF as i shown here in stochastic.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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