USDCAD 30min Analysis April 20th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2540. We will then wait fo a retrace and for 1.2540 to act as support. Enter on strong bullish setups, first targeting our edge of value at 1.2570

Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2530. We will wait for a quick retrace and then enter on strong bearish setups, first targeting our point of control at 1.2500