Trade Ideas Position: EURJPY Shark by raynlim on TradingView.com Trade Ideas Position: NZDJPY Bat by raynlim on TradingView.com Trade Ideas Position: USDJPY Shark by raynlim on TradingView.com Trade Ideas Position:…
Trade negotiations between the US and China continues to drive the Fundamentals of AUDUSD. Harmonic Patterns continues to rule our Technical Analysis and triggers trades.
This has been an age old debate. Which trading method should you adopt, which is better, do both tell the same stories, is Technicals predictive. Not trying to create a stir here but just to open the eyes of the newer traders for them to decide.
Boris Johnson has made progress with the EU representatives, now the main potential stumbling block will be the British Parliament sitting on a Saturday to debate and vote on the Brexit deal. Every vote will count towards the success of the negotiations.
AUDUSD continues to be linked to the risk appetite, recently determined by the trade talks between US and China. The Australian economic data signalled a sluggish economy. Then a renewed hope for an agreement in the US-China trade war boosted the AUD towards the end of the trading week. The pair managed to hold on to the gains for the week.