USDCAD 30min Analysis April 21th, 2021

Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2630 and retest the same zone again to our edge of value at 1.2630. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2695

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2630. We will then wait for a retest and for 1.2600 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 1.2550