GBPCAD buy trade idea 04 06 2021
BUY GBPCAD 1.7095
SL: 1.7065
TP1: 1.7115
TP2: 1.7135
TP3: 1.7155
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
BUY GBPCAD 1.7095
Timeframe: H1
Step 1 - Previous News: GBP: Final Services PMI slight upward revision, CAD: Building Permits slight decline
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: Construction PMI 1630hrs, CAD: Canadian jobs report 2030hrs, Ivey PMI 2200hrs
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