USDCAD 30min Analysis March 9th, 2020

Trade Scenario 2: Bearish - For us to go short we want to see price retrace and reject off our edge of value at 1.2630. We will then look to enter short on strong bearish setups, first targeting 1.2570

Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2630. We will then wait for a retrace and for 1.2630 to act as support. Enter on strong bullish setups, first targeting 1.2670