GBPAUD sell trade idea 11 06 2021

#OPINIONLEADER# #Signal#

SELL GBPAUD 1.8264

SL: 1.8294

TP1: 1.8244

TP2: 1.8224

TP3: 1.8204

Signal Analysis by LCMS Traders 

Currency Pair: GBPAUD

SELL GBPAUD 1.8264 

Timeframe: H1

Step 1 - Previous News: GBP: Day 1 of the G7 meetings, AUD: Day 1 of the G7 meetings

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both down

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: GBP: G7 meetings over the weekend, BOE Gov Bailey Speaks 1630hrs, AUD: G7 meetings over the weekend, Bank Holiday Next Monday