USDCAD 30min Analysis March 11th, 2020
Trade Scenario 1: Bearish - For us to go short and continue the trend we are looking for price to retrace back to our edge of value at 1.2590. We will then look to enter short on strong bearish setups off this level, first targeting 1.2540.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2590. We will then wait for a retrace and for price to find support around 1.2590. Enter on strong bullish setups, first targeting 1.2625
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2590. We will then wait for a retrace and for price to find support around 1.2590. Enter on strong bullish setups, first targeting 1.2625
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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.