AUDUSD sell trade idea 26 07 2021
SELL AUDUSD 0.7345
SL: 0.7375
TP1: 0.7325
TP2: 0.7305
TP3: 0.7285
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
SELL AUDUSD 0.7345
Timeframe: H1
Step 1 - Previous News: AUD: -, USD: Flash PMI continued expansion
Step 2 - Trend: Down to Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: AUD: -, USD: New Home Sales 2200hrs
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