EURCAD buy trade 13 05 2021

#OPINIONLEADER# #Signal#

BUY EURCAD 1.4646

SL: 1.4616

TP1: 1.4666

TP2: 1.4686

TP3: 1.4706

Signal Analysis by LCMS Traders  

Currency Pair: EURCAD

BUY EURCAD 1.4646 

 Timeframe: H1

Step 1 - Previous News: EUR: EU projects that the EU economy will expand by 4.2% this year, French and German banks holiday, 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: -, CAD: BOC Gov Macklem Speaks 2300hrs