GBPAUD buy trade idea 05 10 2021
BUY GBPAUD 1.8729
SL: 1.8699
TP1: 1.8749
TP2: 1.8769
TP3: 1.8789
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
BUY GBPAUD 1.8729
Timeframe: H1
Step 1 - Previous News: GBP: -, AUD: Retail Sales decline, RBA monetary policy unchanged
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, AUD: -
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