EURCAD sell trade idea 05 08 2021
SELL EURCAD 1.4830
SL: 1.4860
TP1: 1.4810
TP2: 1.4790
TP3: 1.4770
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
SELL EURCAD 1.4830
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone Retail Sale indicated a strong slowdown, CAD: Building Permits increase
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast flat, slow down
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: EUR: -, CAD: -
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