usd-cad-4hTrend is bullish in USD/CAD currency pair in four hours time frame. Vital Support is present at 1.3136 price level. Based on Elliott wave count and market trend, I expect a bullish break out in price of USD/CAD. Next, price is most probably going to rise towards 1.3400 price level in coming trading days. However; if price breaks below 1.3136 support level instead of going up then up trend is going to fail. In such case I will stay out of the market and re-analyze the price action of USD/CAD currency pair.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.