EURCAD buy trade idea 20 05 2021
BUY EURCAD 1.4756
SL: 1.4726
TP1: 1.4776
TP2: 1.4796
TP3: 1.4816
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
BUY EURCAD 1.4756
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone final CPI little changed, CAD: CPI m/m inflation continued to rise
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: EUR: -, CAD: BOC Gov Macklem Speaks 2300hrs
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