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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.