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Market Commentary:
1. The low it 0.5985 could be the end of wave b) or it is making a triangle and we are in wave "e" ?
2. if it is making a triangle then we can see the sharp fall to 0.5740 zone as i shown here.
3. One more way is it can go to 0.6310 zone and then to the south is also possible.
4. 2 Chances for south and one chances for north. Remind my positional target is 0.7000 to reach and the invalid or STOP is that low made 0.5510.
5. FRIDAY is NFP event ahead...so that will show the path i think so....break above the high 0.6540 is valid and that is a SAFE ENTRY to the target 0.7000.
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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