SELL USDCAD 1.2338
SL: 1.2368
TP1: 1.2318
TP2: 1.2298
TP3: 1.2278
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
SELL USDCAD 1.2338
Timeframe: H1
Step 1 - Previous News: USD: U.S. jobs report last Friday indicated a higher-than-expected job gains, Unemployment rate rose slightly, CAD: Manufacturing PMI continued expansion, OPEC+ meetings had been postponed today
Step 2 - Trend: Downs, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: USD: Bank Holiday today, CAD: -
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