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Apr 15, 2021 11:32 AM

USDCAD 30min Analysis April 15th, 2020 

USD/CADOANDA

Description

Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2500. We will then wait fo a retrace and for 1.2500 to act as support. Enter on strong bullish setups, first targeting our edge of value at 1.2530

Trade Scenario 2: Bearish - For us to go short we want to see price retrace back to 1.2510. We will then wait for 1.2510 to act as resistance, creating a new LH. Enter on strong bearish setups, first targeting our point of control at 1.2470
Comments
mylesyahseen
if the cot provide declaration of short momentum in CAD it will be easy to focus on long due to loaded shares of buying interest in USD as a base currency in fact the bullish liquidity region show enough support to try to push market up..... #USDCAD
FTUKcom
Nicely Explained.
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