EURCAD sell trade idea 12 05 2021
SELL EURCAD 1.4686
SL: 1.4716
TP1: 1.4666
TP2: 1.4646
TP3: 1.4626
Signal Analysis
Currency Pair: EURCAD
SELL EURCAD 1.4686
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone and German ZEW economic sentiment strong improvement in economic outlook, CAD: -
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: EUR: EU economic forecasts 1700hrs, CAD: -
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