EURCAD sell trade idea 09 06 2021
SELL EURCAD 1.4736
SL: 1.4766
TP1: 1.4716
TP2: 1.4696
TP3: 1.4676
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
SELL EURCAD 1.4736
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
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