USDCAD buy trade idea 16 08 2021

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#OPINIONLEADER# #Signal#

BUY USDCAD 1.2542

SL: 1.2512

TP1: 1.2562

TP2: 1.2582

TP3: 1.2602

Signal Analysis 

Currency Pair: USDCAD

BUY USDCAD 1.2542 

Timeframe: H1

Step 1 - Previous News: USD: Preliminary UoM Consumer Sentiment strong decline in consumers’ confidence, CAD: -

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 in over bought

- PSAR: bullish

Step 5 - Upcoming News: USD: -, CAD: -

USDCAD buy trade idea 16 08 2021

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