USDCAD 30min Analysis April 8th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our edge of value at 1.2595. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around our point of control at 1.2625

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2595. We will then wait for a retrace and for 1.2595 to act as resistance. Enter on strong bearish setups, first targeting our point of control at 1.2575