GBPCAD sell trade idea 16 09 2021
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
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