CADJPY 30min Analysis March 30th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 87.45. We will then wait for a retrace and for 87.45 to act as support. Enter on strong bullish setups, first targeting previous highs around 87.60
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 87.40. We will then enter on strong bearish setups, first targeting 87.00
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our edge of value at 87.40. We will then enter on strong bearish setups, first targeting 87.00