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EURAUD sell trade idea 01 10 2021

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#OPINIONLEADER# #Signal#

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

EURAUD sell trade idea 01 10 2021

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