GBPCAD sell trade idea 14/05/2021
SELL GBPCAD 1.7088
SL: 1.7118
TP1: 1.7068
TP2: 1.7048
TP3: 1.7028
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7088
Timeframe: H1
Step 1 - Previous News: GBP: BOE Gov Bailey said central bank’s forecasts were to hold, higher inflation is unlikely going to persist, CAD: BOC Gov Macklem highlighted that inflation is Canada is expected to hit the 3%
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow touch
- Stochastic: H4 turning down from over bought
- 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.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-