SELL GBPCAD 1.7137
SL: 1.7167
TP1: 1.7117
TP2: 1.7097
TP3: 1.7077
Signal Analysis by LCMS Traders
Currency Pair: GBPCAD
SELL GBPCAD 1.7137
Timeframe: H1
Step 1 - Previous News: GBP: BOE held monetary policy unchanged, led to disappointment expecting hawkish tone on QE tapering, CAD: -
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, CAD: -
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