GBPCAD sell trade idea
SELL GBPCAD 1.7396
*Trading conditions may differ between account types and brokers.
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
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: -
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.