USDCAD buy trade idea 10 06 2021
BUY USDCAD 1.2122
SL: 1.2092
TP1: 1.2142
TP2: 1.2162
TP3: 1.2182
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
BUY USDCAD 1.2122
Timeframe: H1
Step 1 - Previous News: USD: -, CAD: BoC held policy unchanged
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: slow up, fast turning
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: CPI m/m 2030hrs, CAD: -
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