USDCAD buy trade idea 18 06 2021
BUY USDCAD 1.2378
SL: 1.2348
TP1: 1.2398
TP2: 1.2418
TP3: 1.2438
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
BUY USDCAD 1.2378
Timeframe: H1
Step 1 - Previous News: USD: Unemployment Claims unexpected rise in the number, CAD: CPI m/m inflation remained
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: fast up, slow turning
- Stochastic: H4 heading into over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: -, CAD: -
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