Updating this idea from the previous thread which has grown too long. We now have an established low for wave B of the correction, and a 5 up from it. Any 3 wave correction now is a buy. Tomorrow morning (Tuesday) will be the high court decision. For those who trade the pound, cable also has a 5 up.
Comment:
After the 5 up for 1, this pair had a 3 wave correction to 1.7146 from where it's rallied quite well. However it now needs to hold above that low for the bullish idea to run. Ideally now we're in a 2 of 3 correction before a huge move up. Surprisingly other ? / nzd pairs are getting hit hard to the down side.
Comment:
following the 5 up this has taken on a rather bearish and choppy look. If you're long, lock it in.
