AUDUSD buy trade idea 27 07 2021
BUY AUDUSD 0.7359
SL: 0.7329
TP1: 0.7379
TP2: 0.7399
TP3: 0.7419
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
BUY AUDUSD 0.7359
Timeframe: H1
Step 1 - Previous News: AUD: -, USD: New Home Sales decline
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: both down, fast turning
- MACD: within
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: AUD: RBA Deputy Gov Debelle Speaks 2035hrs, CPI q/q tomorrow 0930hrs, USD: Conference Board Consumer Confidence 2200hrs
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