GBPAUD buy trade idea 26 07 2021
BUY GBPAUD 1.8723
SL: 1.8693
TP1: 1.8743
TP2: 1.8763
TP3: 1.8783
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
BUY GBPAUD 1.8723
Timeframe: H1
Step 1 - Previous News: GBP: UK Retail Sales rebound in consumer spending, UK flash PMI data slowdown in business activities, AUD: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: GBP: MPC Member Vlieghe Speaks 1900hrs, AUD: -
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