AUDUSD buy trade idea 11 06 2021

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SL: 0.7730

TP1: 0.7780

TP2: 0.7800

TP3: 0.7820

Signal Analysis by LCMS Traders

Currency Pair: AUDUSD

BUY AUDUSD 0.7760 

Timeframe: H1

Step 1 - Previous News: AUD: Day 1 of the G7 meetings, USD: Day 1 of the G7 meetings, CPI m/m inflation in rose

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: AUD: G7 meetings over the weekend, Bank Holiday Next Monday, USD: Preliminary UoM Consumer Sentiment 2200hrs, G7 meetings over the weekend

AUDUSD buy trade idea 11 06 2021

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Go short at the current price, with the stop loss at 0.7775