EURAUD buy trade idea 20 08 2021

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SL: 1.6373

TP1: 1.6423

TP2: 1.6443

TP3: 1.6463

Signal Analysis by LCMS Traders 

Currency Pair: EURAUD

BUY EURAUD 1.6403 

Timeframe: H1

Step 1 - Previous News: EUR: -, AUD: Employment data strong increased while Unemployment Rate decline

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both up

- Stochastic: H4 in over bought

- PSAR: bullish

Step 5 - Upcoming News: EUR: -, AUD: RBA Assist Gov Kent Speaks tomorrow 0705hrs

EURAUD buy trade idea 20 08 2021

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