USDCAD sell trade idea 30 07 2021
SELL USDCAD 1.2440
SL: 1.2470
TP1: 1.2420
TP2: 1.2400
TP3: 1.2380
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
SELL USDCAD 1.2440
Timeframe: H1
Step 1 - Previous News: USD: Advance GDP q/q fell short of expectation, CAD: -
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow up
- Stochastic: H4 heading up
- PSAR: bearish
Step 5 - Upcoming News: USD: Core PCE Price Index m/m 2030hrs, FOMC Member Brainard Speaks tomorrow 0830hrs, CAD: GDP m/m 2030hrs
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