USDCAD sell trade idea 30 07 2021

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#OPINIONLEADER# #Signal#

SELL USDCAD 1.2440

SL: 1.2470

TP1: 1.2420

TP2: 1.2400

TP3: 1.2380

Signal Analysis by LCMS Traders 

Currency Pair: USDCAD

SELL USDCAD 1.2440 

Timeframe: H1

Step 1 - Previous News: USD: Advance GDP q/q fell short of expectation, CAD: -

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast down, slow up

- Stochastic: H4 heading up

- PSAR: bearish

Step 5 - Upcoming News: USD: Core PCE Price Index m/m 2030hrs, FOMC Member Brainard Speaks tomorrow 0830hrs, CAD: GDP m/m 2030hrs


USDCAD sell trade idea 30 07 2021



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