EURCAD buy trade idea 01 10 2021

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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

EURCAD buy trade idea 01 10 2021

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