EURUSD buy trade idea 16 06 2021
BUY EURUSD 1.2130
SL: 1.2100
TP1: 1.2150
TP2: 1.2170
TP3: 1.2190
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
BUY EURUSD 1.2130
Timeframe: H1
Step 1 - Previous News: EUR: -, USD: Retail sales indicated a decline
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: -, USD: Housing data 2030hrs, Monetary policy decision tomorrow 0200hrs
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