GBPAUD sell trade idea 24 08 2021

#OPINIONLEADER# #Signal#

SELL GBPAUD 1.8970

SL: 1.9000

TP1: 1.8950

TP2: 1.8930

TP3: 1.8910

Signal Analysis by LCMS Traders 

Currency Pair: GBPAUD

SELL GBPAUD 1.8970 

Timeframe: H1

Step 1 - Previous News: GBP: Flash PMI slowdown in business activities, AUD: Flash PMI slowdown in business activities

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: slightly out 

- MACD: both down

- Stochastic: H4 heading into over sold

- PSAR: bearish

Step 5 - Upcoming News: GBP: -, AUD: -