USDCAD 30min Analysis March 15th, 2020
Trade Scenario 1: Bearish - For us to go short we want to see price reject off 1.2480. We will then enter on strong bearish setups, first targeting 1.2420.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2480. We will then wait for a retrace and for 1.2480 to act as support. Enter on strong bullish setups, first targeting our edge of value around 1.2520
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2480. We will then wait for a retrace and for 1.2480 to act as support. Enter on strong bullish setups, first targeting our edge of value around 1.2520
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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.