USDCAD 30min Analysis April 14th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 1.2555. We will then wait fo a retrace and for 1.2555 to act as support. Enter on strong bullish setups, first targeting our opposite side of value at 1.2590

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2530. We will then wait for a retrace and for 1.2530 to act as resistance. Enter on strong bearish setups, first targeting our point of control at 1.2500