I believe we ended corrections near 120.15 in the shape of 5th corner leg of wave (e) which I am nominating as wave (2).
Now We are confident .
Its believe me just and just matter of time when we will see sharp up moves and from here we are thinking big around 800 pips upside view.
Our intial targets here are 123 and our wave target lies at 127 and our final target lies near 130 level.
We believe that now we should start up rally towards our destinations but its hanging around just as per banks holidays.
Our correct disturbance level is 119.60 which will use in stop loss.
Trading recommendations :
We will take serious initiative here and will not stay patience. we will buy now 120.58 or from dip and will place stop loss at 119.60 target 127