Looks like, we could be getting 400+ UP move in NIFTY in form of corrective wave, which would form 'b' wave of down ZigZag move. There are no signs of bullish move yet, we just made new lows, Lower timeframe BUY setup is still pending before entering LONG trade.
USDCAD is showing bullish signs in this UP move with around 600 pips still left in the move. Combining Elliott wave, gives the answer how to follow the trend and find entry before the next UP leg starts.
$EURUSD monthly chart suggests we might have topped after completing last leg of corrective structures . There are evidences which suggest beginning of down move namely, RSI divergence, Bearish monthly candle close, completed 5 waves to the upside, strong rejection after finishing 5 waves.
Since there are lot of confluences for the down move, it's worthwhile to...