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GBPCAD sell trade idea 16 09 2021

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#OPINIONLEADER# #Signal#

SELL GBPCAD 1.7462

SL: 1.7492

TP1: 1.7442

TP2: 1.7422

TP3: 1.7402

Signal Analysis by LCMS Traders 

Currency Pair: GBPCAD

SELL GBPCAD 1.7462 

Timeframe: H1

Step 1 - Previous News: GBP: UK CPI y/y strong rise in inflation, CAD: CPI m/m slowdown in the rise of prices

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both touch heading down

- Stochastic: H4 coming out from over sold

- PSAR: bearish

Step 5 - Upcoming News: GBP: -, CAD: Housing Starts data 2015hrs

GBPCAD sell trade idea 16 09 2021

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