EURUSD buy trade idea 12 05 2021

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SL: 1.2098

TP1: 1.2148

TP2: 1.2168

TP3: 1.2188

Signal Analysis by LCMS Traders  

Currency Pair: EURUSD

BUY EURUSD 1.2128 

Timeframe: H1

Step 1 - Previous News: EUR: Eurozone and German ZEW economic sentiment strong improvement in economic outlook, USD: -

Step 2 - Trend: Up to Across, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touch, slow down

- Stochastic: H4 heading down

- PSAR: near bullish

Step 5 - Upcoming News: EUR: EU economic forecasts 1700hrs, USD: CPI m/m 2030hrs

EURUSD buy trade idea 12 05 2021

Edited 12 May 2021, 17:45

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