GBPCAD sell trade idea 21 06 2021
SELL GBPCAD 1.7220
SL: 1.7250
TP1: 1.7200
TP2: 1.7180
TP3: 1.7160
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7220
Timeframe: H1
Step 1 - Previous News: GBP: Retail Sales decline in consumer spending, CAD: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, CAD: -
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