AUDUSD sell trade idea 09 08 2021
SELL AUDUSD 0.7345
SL: 0.7375
TP1: 0.7325
TP2: 0.7305
TP3: 0.7285
Signal Analysis by LCMS Traders
Currency Pair: AUDUSD
SELL AUDUSD 0.7345
Timeframe: H1
Step 1 - Previous News: AUD: RBA revised economic projections positively, USD: Non-Farm Payroll indicated a strong rise
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow turning
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: AUD: -, USD: FOMC Member Bostic Speaks 2200hrs
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