EURAUD sell trade idea 07 06 2021
SELL EURAUD 1.5711
SL: 1.5741
TP1: 1.5691
TP2: 1.5671
TP3: 1.5651
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
SELL EURAUD 1.5711
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone Retail Sales decline, AUD: -
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow down
- Stochastic: H4 heading up
- PSAR: near bearish
Step 5 - Upcoming News: EUR: -, AUD: NAB Business Confidence tomorrow 0930hrs
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