EURUSD buy trade idea 11 06 2021
BUY EURUSD 1.2190
SL: 1.2160
TP1: 1.2210
TP2: 1.2230
TP3: 1.2250
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
BUY EURUSD 1.2190
Timeframe: H1
Step 1 - Previous News: EUR: Day 1 of the G7 meetings, ECB kept monetary policy unchanged, USD: Day 1 of the G7 meetings, CPI m/m inflation in rose
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading into over bought
- PSAR: bullish
Step 5 - Upcoming News: EUR: G7 meetings over the weekend, USD: Preliminary UoM Consumer Sentiment 2200hrs, G7 meetings over the weekend
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