NZDUSD buy trade idea 11 06 2021
BUY NZDUSD 0.7205
SL: 0.7175
TP1: 0.7225
TP2: 0.7245
TP3: 0.7265
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
BUY NZDUSD 0.7205
Timeframe: H1
Step 1 - Previous News: NZD: Day 1 of the G7 meetings, USD: Day 1 of the G7 meetings, CPI m/m inflation in rose
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 heading up
- PSAR: near bullish
Step 5 - Upcoming News: NZD: G7 meetings over the weekend, USD: Preliminary UoM Consumer Sentiment 2200hrs, G7 meetings over the weekend
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