@ujmandhania, This system I use is a backtest system developed over almost 10 years. The basic essence of wave analysis is. This is combined with fractal computing and ATR based calculations. I'll answer your question. The BC wave structure is due to the recent fractal wave of a similar ATR structure in the exchange rate. The exchange rate now builds a similar formation.
@ujmandhania, Future analysis is a small part of my trading. The other key element is a stop level management and a more complex money management. I will also include these on this page. LIVE will indicate that this is a sharp deal and dealel trading.