GBPCAD sell trade idea 12 05 2021
SELL GBPCAD 1.7098
SL: 1.7128
TP1: 1.7078
TP2: 1.7058
TP3: 1.7038
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7098
Timeframe: H1
Step 1 - Previous News: GBP: UK Preliminary GDP decreased but better than forecast, CAD: -
Step 2 - Trend: Across, Counter Trend
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: GBP: BOE Gov Bailey Speaks 1700hrs, CAD: -
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