AUDUSD buy trade idea 03 09 2021
BUY AUDUSD 0.7424
SL: 0.7394
TP1: 0.7444
TP2: 0.7464
TP3: 0.7484
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
BUY AUDUSD 0.7424
Timeframe: H1
Step 1 - Previous News: AUD: Retail Sales m/m tomorrow unchanged from previous, USD: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 in overbought
- PSAR: bullish
Step 5 - Upcoming News: AUD: -, USD: Nonfarm Payroll jobs data 2030hrs, ISM Services PMI 2200hrs
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