EURAUD buy trade idea 19 05 2021
BUY EURAUD 1.5720
SL: 1.5690
TP1: 1.5740
TP2: 1.5760
TP3: 1.5780
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
BUY EURAUD 1.5720
Timeframe: H1
Step 1 - Previous News: EUR: -, AUD: Westpac Consumer Sentiment decline in consumer’s view
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 into overbought
- PSAR: bullish
Step 5 - Upcoming News: EUR: Eurozone final CPI 1700hrs, AUD: Jobs report tomorrow 0930hrs
Edited 20 May 2021, 07:23
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