5-4-2017 10-11-07 AMTrend is down in USD/CAD currency pair fifteen minutes time frame. Short term key resistance level is present at 1.3738 price level.

Based on Elliott wave analysis, there is an emerging bearish Double Zig Zag pattern which looks in-complete. I expect price to fall towards 1.3635 price level to print bearish Wave Y leg.  So, a good idea is to look for a sell trading chance and join the bearish trend.

However; if price closes a bullish candlestick above 1.3738 resistance level then bearish trend is going to end. Hence, I might like to quit trading USD/CAD currency pair and redo the 15 minutes chart analysis.

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