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USDCAD sell trade idea 19 10 2021

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#OPINIONLEADER# #Signal#

SELL USDCAD 1.2321

SL: 1.2351

TP1: 1.2301

TP2: 1.2281

TP3: 1.2261

Signal Analysis by LCMS Traders 

Currency Pair: USDCAD

SELL USDCAD 1.2321 

Timeframe: H1

Step 1 - Previous News: USD: -, CAD: -

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators 

- Bollinger Bands: touch

- MACD: both down

- Stochastic: H4 in over sold

- PSAR: bearish

Step 5 - Upcoming News: USD: Housing data 2030hrs, FOMC members speaking Daly 2300hrs, Bowman 0115hrs, Bostic 0250hrs, Waller 0300hrs, CAD: -

USDCAD sell trade idea 19 10 2021

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