USDCAD 30min Analysis March 4th, 2020

166
Trade Scenario 1: Bullish - For us to go long we want to see price pullback to 1.2630 zone. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2670

Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.2630 with conviction. We will then wait for a retrace and for 1.2630 to flip as resistance.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.