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How to Trade Breakouts | Platinum Trading Institute

Learn How to Trade Breakouts using the Simple Forex Breakout Strategy. Visit our site: www.platinumtradinginstitute.com/<br>

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How to Trade Breakouts | Platinum Trading Institute

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  1. FOREX TRADING How to Trade Breakouts

  2. Fundamental Point of View on Aussie • In its last statement, after leaving the cash rate unchanged, the RBA wrote: • Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain. • Growth in the Chinese economy is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. • Commodity prices have risen recently, although Australia’s terms of trade are still expected to decline over coming years.

  3. The recent data have been consistent with the Bank’s expectation that growth in the Australian economy will gradually pick up over the coming year. • The decline in mining investment will soon run its course. • The outlook for non-mining investment has improved recently and reported business conditions are at a high level. • Residential construction activity remains at a high level, but little further growth is expected. • Retail sales have picked up recently, although slow growth in real wages and high levels of household debt are likely to constrain future growth in spending. • In the battle to keep its currency down, the RBA chose not to join other Central Banks in the recent trend of increasing overnight rates. Though we have had recent commentaries from Philip Lowe, RBA’s Governor that it would be prudent to assume that the “next rate move will be up rather than down.”

  4. Technical Point of View • Let’s take advantage of the trends forming in the Forex Breakout Strategy and flow with the markets to make money. • How to trade the AUD/USD • Long the AUD/USD @ 0.7725 or the nearest zone with 40 pips stop loss and a target of 0.8050 • Long the AUD/USD @ 0.7635 or the nearest zone with 40 pips stop loss and a target of 0.8050 • Place alerts on the major and minor support areas and match them with the zones and go for 20/20 trades

  5. THANK YOU. • If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course.

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