EURAUD buy trade idea 26 08 2021
BUY EURAUD 1.6218
SL: 1.6188
TP1: 1.6238
TP2: 1.6258
TP3: 1.6278
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
BUY EURAUD 1.6218
Timeframe: H1
Step 1 - Previous News: EUR: German ifo Business Climate decline in optimism, AUD: -
Step 2 - Trend: Down to Across, Counter Trend
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: ECB Monetary Policy Meeting Accounts 1930hrs, AUD: Retail Sales m/m tomorrow 0930hrs
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