GBP/AUD Major Trendline Break

GBP/AUD Major Trendline Break

The GBP/AUD just broke a major trendline last week and the price is now trading into an important support and resistance area. A bounce could turn this into a very large head and shoulders pattern. Other traders are waiting for a trendline pullback.

The GBP/AUD is negatively correlated to the Gold price because the Australian Dollar is usually positively correlated to Gold.

 

 

The debate about whether indicators or pure price action is more effective is probably as old as trading itself. The
There are many alternatives to choose from when it comes to online brokerage accounts. You need to find out several
Upon entering a trade, most traders have a set risk reward ratio in mind that they are looking to achieve
Finding the right trading style for your personality and for your daily lifestyle is an important factor when it comes
When I started out trading, all I knew about were time-based charts. It took me years to even hear or
Preserving emotional capital is often more important than protecting your financial capital. A trader who loses his emotional capital is

No Comments

Comments are closed.



Advertisement - External Link
Join our newsletter, get the free eBook and the webinar
10 Laws for Trading Success
Subscribe & Get eBook
I agree to the Privacy Policy
No thanks
10 Laws for Trading Success
Join our newsletter, get the free eBook and the webinar
Subscribe & Get eBook
No Thanks
I agree to the Privacy Policy

Cookie Consent

This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button.