USDCAD 30min Analysis April 12th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 1.2550. We will then wait for a retrace and for 1.2550 to act as support. EEnter on strong bullish setups, first targeting our point of control at 1.2575

Trade Scenario 2: Bearish - For us to go short we want to see price retrace back to 1.2550. We will then wait for price to reject off our edge of value and enter on strong bearish setups, first targeting our point of control at 1.2500