EURCAD sell trade idea 16 09 2021
SELL EURCAD 1.4922
SL: 1.4952
TP1: 1.4902
TP2: 1.4882
TP3: 1.4862
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
SELL EURCAD 1.4922
Timeframe: H1
Step 1 - Previous News: EUR: , CAD: CPI m/m slowdown in the rise of prices
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow touch
- Stochastic: H4 coming out from over sold
- PSAR: near bearish
Step 5 - Upcoming News: EUR: ECB President Lagarde Speaks 2000hrs, CAD: Housing Starts data 2015hrs
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