GBPAUD sell trade idea 31 05 2021
SELL GBPAUD 1.8366
SL: 1.8396
TP1: 1.8346
TP2: 1.8326
TP3: 1.8306
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
SELL GBPAUD 1.8366
Timeframe: H1
Step 1 - Previous News: GBP: Bank Holiday Today, AUD: -
Step 2 - Trend: Up, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down into over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, AUD: Building Approvals tomorrow 0930hrs
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