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I always love to trade AUDCAD, it's my favourite pair

best pair to trade on forex market

AUD USD image

The Jail Break System

Trading is as simple image

Trading is as simple as 1-2-3

Don’t open multiple trade’s position at same time! I had the same problem, and now I don’t open more than 2 trades but never in the same pair.

5% risk per trade?

he story of AUD/USD when in search of any upside momentum this year. It was a familiar tale last week as the upside run stalled at the 200-day MA (blue line) before retreating back lower under 0.6900. image

AUD/USD

EUR/USD upside remains tentative for now with topside also limited by the 200-day moving average @ 1.1153 while downside is supported by the key hourly moving averages with the 100-hour MA (red line) seen @ 1.1123 first.

EURUSD

In any case, I reckon this could spark a bit more selling in the pound towards 1.3300 but I would still view this as an opportunity to scale in on the dip - even more so if price threatens to challenge the key hourly moving averages.

Cable Update (GBPUSD)

I use stoploss for the simple reason that the market can get influenced by unknown variables at any point.. And as for pips

Do you use stoploss?

EURUSD moved above the 200 day MA on the UK vote news, but started to break down with the GBPUSD as well. The price tried to stall the fall around the 200 day MA (after a brief dip) but in the current bar, fell back below and this time gathered more ...

EURUSD only

GBP/USD eases back to around 1.3340 after slowly losing ground as buyers fail to hold a move above the 1.3400 handle image

News trading discussion - continuation