USDCAD 30min Analysis March 29th, 2020
Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2600. We will then wait for a retrace and for 1.2600 to act as support. We will then enter on strong bullish setups, first targeting previous highs around 1.2630
Trade Scenario 2: Bearish - For us to go short we want to see price fall below 1.2580. We will then wait for a retrace and for 1.2580 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.2550
Trade Scenario 2: Bearish - For us to go short we want to see price fall below 1.2580. We will then wait for a retrace and for 1.2580 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.2550
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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.