GBPCAD sell trade idea 18 08 2021

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Signal Analysis 

Currency Pair: GBPCAD


Timeframe: H1

Step 1 - Previous News: GBP: UK employment data slowdown in the decline claiming for unemployment, CAD: Housing Starts slowdown

Step 2 - Trend: Across to Down,Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast up, slow touch

- Stochastic: H4 heading into over sold

- PSAR: near beairsh

Step 5 - Upcoming News: GBP: UK CPI y/y 1400hrs, CAD: CPI m/m 2030hrs

GBPCAD sell trade idea 18 08 2021

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