NZDCAD Elliott Wave Trade Setup 10.13.2016

NZDCAD is showing a 5 swing sequence from 8/24 (0.8246) low and more upside is favored. Near term, pair is correcting cycle from 4/27 (0.86) low in 3, 7, or 11 swing before turning higher again. We plan to buy the pullback in 3, 7, or 11 swing for another extension higher.

Entry: 0.912 (updated Oct 23)

Stop loss: 0.8835 (updated Oct 23)

Target: 0.995




NZDCAD Daily20161013163201

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