GBPAUD sell trade idea 11 06 2021
SELL GBPAUD 1.8264
SL: 1.8294
TP1: 1.8244
TP2: 1.8224
TP3: 1.8204
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
SELL GBPAUD 1.8264
Timeframe: H1
Step 1 - Previous News: GBP: Day 1 of the G7 meetings, AUD: Day 1 of the G7 meetings
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: G7 meetings over the weekend, BOE Gov Bailey Speaks 1630hrs, AUD: G7 meetings over the weekend, Bank Holiday Next Monday
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