EURUSD buy trade idea 12 05 2021
BUY EURUSD 1.2128
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
Edited 12 May 2021, 17:45
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