NZDCAD Elliott Wave Trade Setup 9.29.2016

The Elliott wave trading setup below comes from Sept 28 Live Trading Room session. $NZDCAD is showing a 5 swing sequence from 4/27 (0.8597) low and more upside is favored. Near term, pair is correcting cycle from 7/21 (0.9085) low towards 0.935 – 0.941 area before the rally resumes. We want to buy the pullback in 3, 7, or 11 swing for another extension higher.

Entry: 0.942

Stop loss: 0.9242

Target: 0.992

Video:

 

Chart

NZDCAD Daily20160929151511

 

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