EURAUD sell trade idea 01 10 2021
SELL EURAUD 1.6060
SL: 1.6090
TP1: 1.6040
TP2: 1.6020
TP3: 1.6000
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
SELL EURAUD 1.6060
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone Unemployment Rate slight decline, AUD: Building Approvals recovery in number of building permits
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up, fast turning
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: Eurozone CPI flash 1700hrs, AUD: Daylight Saving Time Shift, Bank Holiday Monday
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