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USD/CAD – Up trend in 4 hours
Monday, October 26, 2015 17:10
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Trend is bullish in USD/CAD currency pair in four hours time frame. Vital support is present at 1.2830 price level. I am still holding my buy trade in USD/CAD currency pair as this is a long term trade. Based on Elliott wave count, we may going to see a short term bearish pull back which could use used to re-enter a long trade. However; if price drops below 1.2830 support level then up trend is going to end. In such case, I will take the stop loss and re-analyze the price action of USD/CAD currency pair.
Source: http://www.fxinstructor.com/blog/usdcad-up-trend-in-4-hours
