News

Aussie dollar shows the danger of moving too soon

CMC Markets

Hello everyone,

as I was watching the AUDUSD trading this afternoon I thought it was worth recording some thoughts on the different ways in which breakouts occur. As I was recording I also thought that you could look at these setups differently to the way that I have but again I think that simply underlines some of the dangers in making your assessment too quickly.

Of note also, after I recorded this the AUD made a significant shift lower which goes to show the importance also of having your stop-loss in place on every trade.

You can watch the video by clicking here.

Let me know what your thoughts are on managing the breakout.

All the best,

Dave.


Sign up for market update emails