SELL GBPCAD 1.7082
SL: 1.7112
TP1: 1.7062
TP2: 1.7042
TP3: 1.7022
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7082
Timeframe: H1
Step 1 - Previous News: GBP: EU threatened to take retaliatory actions on UK, MPC Member Haldane Speaks 2005hrs, CAD: BoC held policy unchanged
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators within
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, CAD: -
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