EURAUD sell trade idea 05 05 2021
SELL EURAUD 1.5537
SL: 1.5567
TP1: 1.5517
TP2: 1.5497
TP3: 1.5477
Signal Analysis
Currency Pair: EURAUD
SELL EURAUD 1.5537
Timeframe: H1
Step 1 - Previous News: EUR: -, AUD: RBA monetary policy unchanged, growth forecast 2021 revised upwards, revised downward for unemployment rate, Building Approvals slight slowdown
Step 2 - Trend:Across, Counter Trend
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: slow down, fast touch
- Stochastic: H4 into over sold
- PSAR: bearish
Step 5 - Upcoming News: EUR: ECB economic forecasts tentative timing, AUD:-
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