Daily chart shows a pretty clear 4th wave Flat which has played out leaving the way up for one more high possibly to truncate as the 3rd wave was so long. USD/CAD had also stayed in the triangle which suggests still a one more low for the dollar. In fact if anyone had questioned whether on the indices that the drop yesterday was the start of Primary Wave 3 down, they wouldve doubted if they saw the NZD/USD chart on daily. 4 hour, looks like a perfect 3 waves down.
Weekly chart has bounced off 20ma, 8 hour MACD is primed to rise too
We'll see happens now. Have got my eye on a EUR/GBP short when it gets to 9200ish, will be next week now
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