EURCAD buy trade idea 01 10 2021
BUY EURCAD 1.4753
SL: 1.4723
TP1: 1.4773
TP2: 1.4793
TP3: 1.4813
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
BUY EURCAD 1.4753
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone Unemployment Rate slight decline, CAD: -
Step 2 - Trend: Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: Eurozone CPI flash 1700hrs, CAD: GDP m/m 2030hrs, Manufacturing PMI 2130hrs
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