AUDUSD buy trade idea 14 05 2021

#OPINIONLEADER# #Signal#

BUY AUDUSD 0.7739

SL: 0.7709

TP1: 0.7759

TP2: 0.7779

TP3: 0.7799

Signal Analysis by LCMS Traders

Currency Pair: AUDUSD

BUY AUDUSD 0.7739 

Timeframe: H1

Step 1 - Previous News: AUD: -, USD: Unemployment Claims continued decline

Step 2 - Trend: Down to Across, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both up

- Stochastic: H4 heading into over bought

- PSAR: buillish

Step 5 - Upcoming News: AUD: -, USD: Retail Sales 2030hrs