In this new video, I share ten powerful trading chart patterns you may have never seen. This includes patterns such as island reversals, tweezers tops and so much more. I discuss how to use them, what markets they work best in and some of my favorites.
Past performance is not indicative of future results. Trading forex 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 any such leveraged products 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 trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD extends downside below 1.0950 amid stronger US Dollar
The EUR/USD pair extends the decline to near 1.0920 during the early Monday. The risk aversion amid the escalating geopolitical tensions in the Middle East and conflicts between China and Taiwan exert some selling pressure on the riskier currency like the Euro.
GBP/USD remains close to one-month low, seems vulnerable near mid-1.3000s
The GBP/USD pair struggles to capitalize on Friday's modest gains and attracts fresh sellers at the start of a new week. Spot prices trade around mid-1.3000s and remain close to a one-month low touched last Thursday amid a bullish US Dollar.
Gold sellers return amid China concerns and light trading
Gold price is back in the red early Monday after staging a solid comeback late last week. The US Dollar is building on its previous gains, benefiting from a negative shift in risk sentiment at the start of the week.
Week ahead: What are the financial markets watching this week
The European Central Bank is widely anticipated to reduce policy by 25bps amid softening CPI inflation data and weak growth metrics. Investors have fully priced in the cut, with another 25bp reduction expected at December’s meeting. A rate cut this week would follow rate reductions in June and September.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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