SELL EURCAD 1.4672
SL: 1.4702
TP1: 1.4652
TP2: 1.4632
TP3: 1.4612
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
SELL EURCAD 1.4672
Timeframe: H1
Step 1 - Previous News: EUR: French flash PMI continued expansion, German Flash PMI continue expanded at faster pace, Eurozone flash PMI expanded at fastest pace, CAD: Retail sales decline in consumer spending
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 down
- PSAR: bearish
Step 5 - Upcoming News: EUR: German ifo Business Climate 1600hrs, CAD: -
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