EURAUD buy trade idea 26 08 2021

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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

EURAUD buy trade idea 26 08 2021

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