EURAUD sell trade idea 08 06 2021
SELL EURAUD 1.5716
SL: 1.5746
TP1: 1.5696
TP2: 1.5676
TP3: 1.5656
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
SELL EURAUD 1.5716
Timeframe: H1
Step 1 - Previous News: EUR: -, AUD: NAB Business Confidence decline
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow turning
- Stochastic: H4 coming out from over bought
- PSAR: bearish
Step 5 - Upcoming News: EUR: Eurozone and German ZEW economic 1700hrs, AUD: Westpac Consumer Sentiment tomorrow 0830hrs
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