USDCAD 30min Analysis April 19th, 2020
Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2490. We will then wait fo a retrace and for 1.2490 to act as support. Enter on strong bullish setups, first targeting our edge of value at 1.2530
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2490. We will then enter on strong bearish setups, first targeting our edge of value 1.2450
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2490. We will then enter on strong bearish setups, first targeting our edge of value 1.2450
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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.