GBPCAD sell trade idea 13 08 2021
SELL GBPCAD 1.7279
SL: 1.7309
TP1: 1.7259
TP2: 1.7239
TP3: 1.7219
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7279
Timeframe: H1
Step 1 - Previous News: GBP: UK Preliminary GDP rebound in the UK economy, CAD: -
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both touch
- Stochastic: H4 heading down to over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, CAD: -
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