GBPAUD sell trade idea 24 08 2021
SELL GBPAUD 1.8970
SL: 1.9000
TP1: 1.8950
TP2: 1.8930
TP3: 1.8910
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
SELL GBPAUD 1.8970
Timeframe: H1
Step 1 - Previous News: GBP: Flash PMI slowdown in business activities, AUD: Flash PMI slowdown in business activities
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, AUD: -
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