GBPCAD sell trade idea
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SELL GBPCAD 1.7396
SL: 1.7426
TP1: 1.7376
TP2: 1.7356
TP3: 1.7336
*Trading conditions may differ between account types and brokers.
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
Timeframe: H1
Step 1 - Previous News: GBP: CPI data increase in annual inflation, CAD: BOC held interest rate unchanged while reducing its weekly asset purchases
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast heading to down, slow flat
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, CAD: -
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