EURCAD sell trade idea 18 08 2021
SELL EURCAD 1.4775
SL: 1.4805
TP1: 1.4755
TP2: 1.4735
TP3: 1.4715
Signal Analysis
Currency Pair: EURCAD
SELL EURCAD 1.4775
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone flash employment rebound in employment, CAD: Housing Starts slowdown
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow down
- Stochastic: H4 coming out from over sold
- PSAR: bearish
Step 5 - Upcoming News: EUR: -, CAD: CPI m/m 2030hrs
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