USDCAD 30min Analysis April 15th, 2020
Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2500. We will then wait fo a retrace and for 1.2500 to act as support. Enter on strong bullish setups, first targeting our edge of value at 1.2530
Trade Scenario 2: Bearish - For us to go short we want to see price retrace back to 1.2510. We will then wait for 1.2510 to act as resistance, creating a new LH. Enter on strong bearish setups, first targeting our point of control at 1.2470
Trade Scenario 2: Bearish - For us to go short we want to see price retrace back to 1.2510. We will then wait for 1.2510 to act as resistance, creating a new LH. Enter on strong bearish setups, first targeting our point of control at 1.2470