Wave ((W)) rally is complete at 1.5517 and wave ((X)) pullback is in progress towards 1.5148 - 1.5218 before the rally resumes. We don't like selling the pullback.
This view is valid as far as 1.492 level holds. If 1.492 level breaks, then the pair can do a Flat structure and remains bullish against the second degree invalidation line at 1.386.
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This view is valid as far as 1.492 level holds. If 1.492 level breaks, then the pair can do a Flat structure and remains bullish against the second degree invalidation line at 1.386.
---------------------------------
Follow more updates at Twitter: cmellon1976
Website: elliottwave-for.../amember/go.php?r=2670&...
Free 14 days trial: elliottwave-for.../amember/go.php?r=2670&...
Send email hendra@elliottwave-forecast.com if you want to be in distribution list for Weekly, Daily, and 4 Hour Elliottwave Charts update for these 5 pairs (AUD/NZD, AUD/CAD, NZD/CAD, EUR/NZD, and EUR/CAD)
