USDCAD 30min Analysis March 8th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2697. We will then wait for a quick retrace and for 1.2697 to flip as support. Enter on strong bullish setups, first targeting previous highs around 1.2730

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2680. We will then wait for a retrace and for 1.2680 to slip as resistance. Enter on strong bearish setups, first targeting 1.2650.