AUDUSD buy trade idea 14 05 2021
BUY AUDUSD 0.7739
SL: 0.7709
TP1: 0.7759
TP2: 0.7779
TP3: 0.7799
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
BUY AUDUSD 0.7739
Timeframe: H1
Step 1 - Previous News: AUD: -, USD: Unemployment Claims continued decline
Step 2 - Trend: Down to Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 heading into over bought
- PSAR: buillish
Step 5 - Upcoming News: AUD: -, USD: Retail Sales 2030hrs
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