AUDUSD buy trade idea 23 04 2021

#OPINIONLEADER#

BUY AUDUSD 0.7736

SL: 0.7706

TP1: 0.7756

TP2: 0.7776

TP3: 0.7796

*Trading conditions may differ between account types and brokers.

Signal Analysis by LCMS Traders

Currency Pair: AUDUSD

Timeframe: H1

Step 1 - Previous News: AUD: Flash PMI data increase in the pace of expansion, USD: Unemployment Claims data decline in the number of unemployment benefits

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: AUD: Bank Holiday next Monday, USD: Flash PMI data 2145hrs, New Home Sales data 2200hrs.