AUDUSD buy trade idea 12 05 2021
BUY AUDUSD 0.7807
SL: 0.7777
TP1: 0.7827
TP2: 0.7847
TP3: 0.7867
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
BUY AUDUSD 0.7807
Timeframe: H1
Step 1 - Previous News: AUD: Retail Sales slight fall in consumer spending, USD: -
Step 2 - Trend: Up to Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast crossed, slow turning
- Stochastic: H4 heading down (turning)
- PSAR: bearish
Step 5 - Upcoming News: AUD: Melbourne Institute Inflation Expectation tomorrow 0900hrs, USD: CPI m/m 2030hrs
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