USDCAD sell trade idea 24 08 2021
SELL USDCAD 1.2639
SL: 1.2669
TP1: 1.2619
TP2: 1.2599
TP3: 1.2579
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
SELL USDCAD 1.2639
Timeframe: H1
Step 1 - Previous News: USD: Flash PMI slowdown in business activities, CAD: -
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow up
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: USD: New Home Sales 2200hrs, CAD: -
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