Forex & Equity Breakout Trading

Forex & Equity Breakout & Trend Trading Off The Daily Charts. Both systematic and discretionary trades taken and discussed.

Long The GBPAUD On Trendline & Resistance Break

Just got long the GBPAUD, aiming for a 2.5:1 risk / reward.  Stop currently at 1.5273.  I’ve cut half of my USDCAD position at break even.  My view on the overall equity markets / Forex risk based pairs is that it’s under pressure.  Per my March 6th post, and follow up on March 8th where the S&P rose but in lighter volume, I remain cautious….

Trade safely!

Jon