USDCAD 30min Analysis March 31st, 2020
Trade Scenario 1: Bullish - For us to go long we can aggressively enter on strong bullish setups off our edge of value at 1.2595 or wait to see price break above 1.2610. We will then wait for price to retrace and find support at 1.2610. We will then enter on strong bullish setups, first targeting previous highs around 1.2640
Trade Scenario 2: Bearish - For us to go short we want to see price break below our edge of value at 1.2595. We will then wait for a retrace and for 1.2595 to act as resistance. Enter on strong bearish setups, first targeting 1.2555
Trade Scenario 2: Bearish - For us to go short we want to see price break below our edge of value at 1.2595. We will then wait for a retrace and for 1.2595 to act as resistance. Enter on strong bearish setups, first targeting 1.2555