Market Commentary:

1. 5 wave corrective pattern as WXYXZ seems completed here and i am in BUY from 129.75.

2. Stop and invalidation is strictly below the low it made 129.5.

3. In another view there is a still one more wave down and then bounce can also happen.

4. Conclusion is, I am expecting for 138 zone in coming days or weeks.

5. If you know the EW theory and the patterns you can understand what about this chart and my view.

6. 138 is the 38.2 fib retracement for the bearish trend happened.

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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USDSGD: Target for c) of (B) is 1.2788 below. #OPINIONLEADER# #USDollar# #ForexForecast# #ForexEducation# Market Commentary: 1. Still one more 5 waves as a bearish impulse to reach 1.2788 and below as i shown here. 2. The 5 waves impulse from the low 1.2788 is the wave C) of 4) as i shown here and the 3 wave structure for a corrective waves. 3. Wave 4) is a irregular flat correction pattern and one more wave 5) to complete the wave (b) in 5) wave structure. 4. Target is below the wave 3) i.e., 1.2750 approx. but it will break that 1.2788.

nmkvijay

Expecting a bounce to 138 in 3 waves for shorter term.

Market Commentary: