Bullish Trend in USD/CAD currency pair fifteen minutes time frame. Short term support is present at 1.3610 price level. Based on Elliott wave analysis, I expect a bullish Wave v leg to continue moving up.
Bullish wave v leg looks in-complete and offers a possible buy trade setup to join an up trend in USD/CAD currency pair. So, a good idea is to go long at the current market price.
However; if price closes a bearish candlestick below 1.3610 key support level then up trend is going to end. In this case, I would prefer to stop trading the USD/CAD currency pair and re-look at the 15 minutes chart.
This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here