SELL EURAUD 1.6001
SL: 1.6031
TP1: 1.5981
TP2: 1.5961
TP3: 1.5941
Signal Analysis by LCMS Traders
Currency Pair: EURAUD
SELL EURAUD 1.6001
Timeframe: H1
Step 1 - Previous News: EUR: -, AUD: RBA Governor Lowe highlighted hold back QE, expects “return to strong growth next year”, eact accordingly in case COVID situation worsens
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: EUR: -, AUD: -
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