EURAUD BUY TRADE IDEA 26 04 2021

#OPINIONLEADER#

BUY EURAUD 1.5555

SL: 1.5525

TP1: 1.5575

TP2: 1.5595

TP3: 1.5615

*Trading conditions may differ between account types and brokers.

Signal Analysis

Currency Pair: EURAUD

Timeframe: H1

Step 1 - Previous News: EUR: France and the eurozone in recovered into expansionary level, German ifo Business slight increase from previous, AUD: Bank Holiday

Step 2 - Trend: Up to Across, Trend Following

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within

- MACD: both down

- Stochastic: H4 heading down

- PSAR: bearish

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