Weekend Analysis – AUDUSD Running on +45pips profit
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.
Fundamental vs Technical Trading – (Brexit Case Study)
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.
Weekend Analysis – GBPJPY – Could we see a stumbling block this Saturday?
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.
Weekend Analysis – AUDUSD gets a breather, off the lows
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.
Weekend Analysis – GBPJPY TP1 on the Bearish Bat (+225pips) & running
This GBPJPY trade triggered over 2 weeks ago finally hit the intended TP1. Closed off half a position with a +225pips profits. Looking towards the next target for a 400pip gain.