EURCAD sell trade idea 05 10 2021
SELL EURCAD 1.4615
SL: 1.4645
TP1: 1.4595
TP2: 1.4575
TP3: 1.4555
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
SELL EURCAD 1.4615
Timeframe: H1
Step 1 - Previous News: EUR: -, CAD: OPEC+ agreed on planned 400k BPD oil production hike
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow turning
- Stochastic: H4 heading up
- PSAR: bearish
Step 5 - Upcoming News: EUR: Eurozone ECOFIN today, ECB President Lagarde Speaks 2300hrs, CAD: -
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