GBPCAD sell trade idea 01 06 2021
SELL GBPCAD 1.7127
SL: 1.7157
TP1: 1.7107
TP2: 1.7087
TP3: 1.7067
Signal Analysis by LMCS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7127
Timeframe: H1
Step 1 - Previous News: GBP: -, CAD: OPEC-JMMC meetings today
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks 2300hrs, CAD: GDP m/m 2030hrs, Manufacturing PMI 2130hrs
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