GBPAUD buy trade idea 15 09 2021

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SL: 1.8848

TP1: 1.8898

TP2: 1.8918

TP3: 1.8938

Signal Analysis by LCMS Traders

Currency Pair: GBPAUD

BUY GBPAUD 1.8878 

Timeframe: H1

Step 1 - Previous News: GBP: Employment data continued recovery in the jobs market, UK CPI y/y increase in inflation, AUD: RBA Governor Lowe highlighted extension of the current round of QE to Feb 2022

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast up, slow down

- Stochastic: H4 heading down

- PSAR: near bullish

Step 5 - Upcoming News: GBP: -, AUD: Employment data tomorrow 0930hrs

GBPAUD buy trade idea 15 09 2021

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