GBPAUD sell trade idea 01 06 2021
SELL GBPAUD 1.8343
SL: 1.8373
TP1: 1.8323
TP2: 1.8303
TP3: 1.8283
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
SELL GBPAUD 1.8343
Timeframe: H1
Step 1 - Previous News: GBP: -, 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: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks 2300hrs, AUD: GDP q/q tomorrow 0930hrs
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