BUY GBPAUD 1.8878
SL: 1.8848
TP1: 1.8898
TP2: 1.8918
TP3: 1.8938
Signal Analysis by LCMS Traders
Currency Pair: GBPAUD
BUY GBPAUD 1.8878
Timeframe: H1
Step 1 - Previous News: GBP: Employment data continued recovery in the jobs market, UK CPI y/y increase in inflation, AUD: RBA Governor Lowe highlighted extension of the current round of QE to Feb 2022
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow down
- Stochastic: H4 heading down
- PSAR: near bullish
Step 5 - Upcoming News: GBP: -, AUD: Employment data tomorrow 0930hrs
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