EURCAD sell trade idea 09 06 2021

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SL: 1.4766

TP1: 1.4716

TP2: 1.4696

TP3: 1.4676

Signal Analysis by LCMS Traders 

Currency Pair: EURCAD


Timeframe: H1

Step 1 - Previous News: EUR: Eurozone and German ZEW economic decline in the level of optimism, CAD: -

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: EUR: -, CAD: BOC Rate Statement 2200hrs

EURCAD sell trade idea 09 06 2021

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