EURAUD buy trade idea 19 05 2021

#OPINIONLEADER# #Signal#

BUY EURAUD 1.5720

SL: 1.5690

TP1: 1.5740

TP2: 1.5760

TP3: 1.5780

Signal Analysis by LCMS Traders

Currency Pair: EURAUD

BUY EURAUD 1.5720 

Timeframe: H1

Step 1 - Previous News: EUR: -, AUD: Westpac Consumer Sentiment decline in consumer’s view

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 into overbought

- PSAR: bullish

Step 5 - Upcoming News: EUR: Eurozone final CPI 1700hrs, AUD: Jobs report tomorrow 0930hrs