GBPCAD buy trade idea 25 05 2021
BUY GBPCAD 1.7086
SL: 1.7056
TP1: 1.7106
TP2: 1.7126
TP3: 1.7146
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
BUY GBPCAD 1.7086
Timeframe: H1
Step 1 - Previous News: GBP: -, CAD: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support, Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: MPC Member Tenreyro Speaks tomorrow 0000hrs, CAD: -
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