Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Sunday, November 30, 2014

Elliott Wave Analysis of USDCAD (Short term)

Short term patterns suggest USDCAD can see a bit more upside and make new yearly highs.

From 1.1181 Its working a 5 wave impulse wave, furthermore I suspect its ended (or close to ending) wave [iii], so a pullback that holds above 1.1317 should setup for a move higher and target new highs.

Trade idea: Readers can look to buy a pullback around 1.1360-380. stops needs to be placed at 1.1317

Take profits at 1.1470 or above.