USDCAD 30min Analysis April 13th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our edge of value at 1.2598. We will then wait fo 1.2598 to act as support. Enter on strong bullish setups, first targeting our point of control at 1.2625

Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2625. We will then enter on strong bearish setups, first targeting the opposite side of value at 1.2598