USDCAD buy trade idea 21 06 2021
BUY USDCAD 1.2477
SL: 1.2447
TP1: 1.2497
TP2: 1.2517
TP3: 1.2537
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
BUY USDCAD 1.2477
Timeframe: H1
Step 1 - Previous News: USD: Last Friday FOMC member Bullard said that he expects the Fed to hike rate in late 2022, CAD: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 going into over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: FOMC Member Williams Speaks tomorrow 0300hrs, CAD: -
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