AUDUSD buy trade idea 23 04 2021
BUY AUDUSD 0.7736
SL: 0.7706
TP1: 0.7756
TP2: 0.7776
TP3: 0.7796
*Trading conditions may differ between account types and brokers.
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
Timeframe: H1
Step 1 - Previous News: AUD: Flash PMI data increase in the pace of expansion, USD: Unemployment Claims data decline in the number of unemployment benefits
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: AUD: Bank Holiday next Monday, USD: Flash PMI data 2145hrs, New Home Sales data 2200hrs.
Edited 23 Apr 2021, 16:00
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