How to Trade the Declining AUDUSD Trendline
The AUDUSD has declined 476 Pips in the past trading month. Traders can use a descending trendline to place new market entries.
The AUDUSD has declined 476 Pips in the past trading month. Traders can use a descending trendline to place new market entries.
Two price patterns show .8100 as being a significant pivot point. The price behavior near this level will reveal which of the 2 patterns are likely to emerge.
Many new traders are told to stick only with the majors while neglecting many great trends and set ups in Exotic Currency Pairs. Here is your guide to know how to approach these pairs with caution.
If you can control the size of your trade then you have conquered the biggest hurdle for most new traders. This article will answer the important question of how large should I trade?
Candlestick charts can be used for spotting potential market reversals. Learning how to identify a bullish engulfing pattern is an important skill for any trader to master.
The EURJPY currency pair has trended up to 975 pips higher in the last 12 weeks. As prices consolidate, traders will look for trend based entries using support lines.
The GBPNZD is trading between support and resistance in a 422 pip range. Learn to find entries on the pair using the RSI indicator.
The USDJPY downtrend is ripe to continue as it touches the top of a downward channel and the 100 Day simple moving average. Keep your eyes open for the trend to continue downward.
Sadly, most new traders think they can out analyze the market to make money management irrelevant. As the trader matures, they find nothing can take the place of good money management.
As traders, we are not as concerned why something is moving so long as we can pinpoint an entry with a good risk to reward ratio. EURNZD tags the 200 Simple Moving average offering a selling opportunity.