RBNZ- interest rate tommorrow
With Interest rate announcement tomorrow I've analysed this pair. My conclusion is that we have a 5 wave structure down and at this point favour a long entry on announcement . will update as price action develops...
Note
5 of 5 also has potential to extend so waiting for tomorrow...Note
Price has hit the second extension point but has done it aggressively. Not normal if this is meant to be a wave 5. possibility this is a sub wave 3 within the 5th extension as labelled. Im waiting for confirmation that price has bottom before taking position..... Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.