EURAUD sell trade idea 01 06 2021
SELL EURAUD 1.5772
SL: 1.5802
TP1: 1.5752
TP2: 1.5732
TP3: 1.5712
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
SELL EURAUD 1.5772
Timeframe: H1
Step 1 - Previous News: EUR: German Preliminary CPI continued to rise, Eurozone CPI flash & Unemployment Rate 1700hrs, AUD: Building Approvals decrease, Cash Rate unchanged, Will not increase cash rate till actual inflation within 2-3% target
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast heading down, slow down
- Stochastic: H4 heading sown
- PSAR: bullish
Step 5 - Upcoming News: EUR: -, AUD: GDP q/q tomorrow 0930hrs
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