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MARKET COMMENTARY:
1. Yesterday i thought it could make a bigger triangle but it was an triangle and i didn't got that perfectly.
2. Now it completed the wave iii) or W) and we are in wave iv) to 0.7420 zone and there is a bearish trendline may took that as a resistance.
3. If it is a W0 got completed then we may expect for a bigger correction to 0.7600 also in a 3 wave structure...
4. I am expecting 0.7050 to reach as a 5 waves in wedge formation as i shown here for wave 1) or a).
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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