EURCAD buy trade idea 20 05 2021

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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

EURCAD buy trade idea 20 05 2021

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