GBPCAD buy trade idea 23 04 2021
BUY GBPCAD 1.7321
SL: 1.7291
TP1: 1.7341
TP2: 1.7361
TP3: 1.7381
*Trading conditions may differ between account types and brokers.
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
Timeframe: H1
Step 1 - Previous News: GBP: Retail Sales increased in consumer spending, CAD: -
Step 2 - Trend: Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: Flash PMI 1630hrs, CAD: -
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