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MARKET COMMENTARY:
1. Previous i thought the 5 waves completed and we are in the correction.
2. But now it looks like still one more wave for v) is possible to downside for my previous target 1.3675 to achieve.
3. Here the wave iii) got extended and finished exactly 2.618 fib expansion and here the wave iii) as i shown here.
4. I am not sure whether the wave is still possible to reach 1.3675. So i wont trade here and the invalidation for this 1.4001.
5. If you enter to catch that bearish wave the RR is good. If you enter @ 1.3890 stop is 1.400 and the Target is 1.3675. STOP is 110 pips and TP is 215 pips.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont 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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