EURAUD buy trade idea 24 05 2021
BUY EURAUD 1.5765
SL: 1.5735
TP1: 1.5785
TP2: 1.5805
TP3: 1.5825
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
BUY EURAUD 1.5765
Timeframe: H1
Step 1 - Previous News: EUR: Series of eurozone flash PMI data overall positive. Business activities expanded at a faster pace except Germany’s manufacturing slows down slightly. Consumer Confidence decrease in the level of pessimism, AUD: -
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both touching to up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: French and German banks holiday today, AUD: -
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