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Bullish Usd/Cad Expectations

It s been while since I updated blog when I was discussing about Usd/Cad & buying opportunity from around 1.0250 to 1.0300 support region. Well the pair gained more than 400 pips from there with nice impulsive leg red labels from wave 2 low as shown on our chart below. Once five waves hit the 1.0665 highs the past week the pair reversed with nice three wave move; called correction which should be blue wave ii sub-wave larger black wave 3 leg.

Wave ii may have already completed around 1.0470 as the prices bounced quite powerfully from there over the past few hours. In fact recent reversal from support zone appeared territory red wave ii smaller degree plus at equality level waves c & a . Usd/cad definitely looks bullish from here towards & even above past week highs where breakout should be very powerful if we keep mind that blue wave iii should be the case. If you are looking for long opportunity here then you know where your stops now should be. Risk is very small here & award very huge

I was also monitoring oil price action very closely for the past few weeks & I can see that is also showing the same long dollar set-up after three wave bounce from 70.70 region. Click here for more details & chart.

However before you pull trigger you should keep an eye on the US stock market today s close especially S&P 500 1070 level & falling trend line from 1130 region which should not be broken for dollar bulls to remain play.

What we do? Our team makes daily updates for Eur/Usd Gbp/Usd Aud/Usd Usd/Cad Usd/Chf Usd/Jpy Oil Gold S/P Futures & Dollar Index.

Members will also receive all 4 hour wave counts that are updated every day before the European session gets underway plus the intra-day wave counts less than 4 hour chart such as 1 hour or 30 min chart which are posted & updated during the European & U.S. trading sessions.

Our members & e-mail subscribers free will also receive an Elliott Wave Newsletter where we present our bias & anticipations for the next 24 hours for one or more selected currency pairs. This Elliott Wave Newsletter will cover the trading plan that will be based on the intra-market analysis & Elliott Wave patterns. A full detail potential trading signal will be sent on members e-mail only & NOT to free newsletter subscribers

Members our service will receive weekly & daily wave counts that are updated during the weekend or when the price action or pattern has changed extremely.

Members will also receive all 4 hour wave counts that are updated every day before the European session gets underway plus the intra-day wave counts less than 4 hour chart such as 1 hour or 30 min chart which are posted & updated during the European & U.S. trading sessions.

Our members & e-mail subscribers free will also receive an Elliott Wave Newsletter where we present our bias & anticipations for the next 24 hours for one or more selected currency pairs. This Elliott Wave Newsletter will cover the trading plan that will be based on the intra-market analysis & Elliott Wave patterns. A full detail potential trading signal will be sent on members e-mail only & NOT to free newsletter subscribers

If you do not want to miss trading opportunity or if you don t have time to analyze the charts everyday & monitor the intra-day wave counts then follow us on twitter [http://twitter.com/gregahorvatfx] & check out Our Elliott Wave Service [http://www.ew-forecast.com/] now Unique version for reprint here Bullish Usd/Cad Expectations [http://www.uberarticles.com/home.php?id=3443813&p=39632].