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Picking Tops and Bottoms
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Trading the GBPAUD Reversal
Fri, Jun 20 2008, 08:29 GMT
by Jamie Saettele
Visit GBPAUD Reversal Reversal to see longer term charts of the GPBAUD. The rally from 2.0295 (11 year low) is in 5 waves, confirming that the trend has turned to the upside. A correction is unfolding now that should end near 2.0538 (Fibo and former congestion). It will probably take at least a week for this correction to play out.
Published on Fri, Jun 20 2008, 08:43 GMT
Archive
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Published On Fri, Jul 25 2008, 06:38 GMT - EURUSD: Don't Be Spooked by Volatility
Published On Fri, Jul 18 2008, 06:04 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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