How to Trade Breakouts | Platinum Trading Institute

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FOREX TRADING

• How to Trade Breakouts

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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
  Australias terms of trade are still expected to
  decline over coming years.

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• The recent data have been consistent with the
  Banks 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, RBAs Governor that it would be
  prudent to assume that the next rate move will
  be up rather than down.

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Technical Point of View

• Lets 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 _at_ 0.7725 or the nearest zone
  with 40 pips stop loss and a target of 0.8050
• Long the AUD/USD _at_ 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

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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.