thillygoosth

NZD/CAD

Short
OANDA:NZDCAD   NZD/CAD
Ncad seems to have finally completed a 5 wave pattern ending in an ending diagonal. Considering the larger structure, I would expect some sort of a larger 3 wave structure, considering it just completed a larger 5 wave prior to this one... If it completed a 5 wave, then it will have to make a 3 wave correction. It is still possible that this "ending diagonal" could be the wave 4 correction to continue up in another wave, but doesn't look like it right now. I would be looking for setups next week to enter for Cad bullishness. We seem to have reversals happening, but still need confirmation on a flag pullback, but definitely have a lot of patterns that seem completed.

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