NZDCAD about to make new lows (TA and FA)
According to the elliot wave theory, 
NZDCAD. is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term
Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
NZDCAD. is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long termAnother thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
Nota
NZD & AUD CPI IN 3 HOURS, this means down for NZD. If the 4H closes above 0.9 then this abc is invalidTrade ativo
First stop loss hit, but long term chunk is still openTrade fechado: stop atingido
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.