GBPCAD sell trade idea 17 06 2021
SELL GBPCAD 1.7170
SL: 1.7200
TP1: 1.7150
TP2: 1.7130
TP3: 1.7110
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7170
Timeframe: H1
Step 1 - Previous News: GBP: UK CPI y/y increase in annual inflation, CAD: CPI m/m remain same
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touching, slow flat
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, CAD: CPI m/m 2030hrs, BOC Gov Macklem Speaks 0630hrs
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