USDCAD 30min Analysis March 1st, 2020
Trade Scenario 1: Bullish - Price is finding minor support around 1.2680. For us to go long we want to see price break above 1.2700. We will then wait for a retrace and for 1.2700 to act as support. Enter on strong bullish setups, first targeting 1.2740
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2680. We will then wait for a retest and for 1.2680 to act as resistance. Enter on strong bearish setups, first targeting 1.2620.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2680. We will then wait for a retest and for 1.2680 to act as resistance. Enter on strong bearish setups, first targeting 1.2620.
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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.