EURAUD sell trade idea 24 08 2021
SELL EURAUD 1.6252
SL: 1.6282
TP1: 1.6232
TP2: 1.6212
TP3: 1.6192
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
SELL EURAUD 1.6252
Timeframe: H1
Step 1 - Previous News: EUR: French flash PMI continue to expand, German Flash PMI slowdown in the pace of expansion, Eurozone flash PMI business activities remain strong, employment in the eurozone grew, AUD: Flash PMI slowdown in business activities
Step 2 - Trend: Up to Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow down
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: EUR: -, AUD: -
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