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Day: December 4, 2016
December 42016
AUD/USD in a Symmetrical Triangle on H4 Chart
A strong downtrend that was active in AUD/USD from November 8 till November 21 has consolidated into a classic symmetrical triangle pattern. Being a continuation signal, such a triangle suggests a further bearish price action in this currency pair following a breakout. The chart screenshot below shows the triangle marked with the yellow lines. The cyan line is my breakout entry level located at 10% of the triangle’s height (at the base) below […]
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December 42016
Forex Brokers Update â December 4th, 2016
There were not many updates to the brokers this week: FxPro is now regulated by South African FSB. PAMM and managed accounts are no longer available. Added swap-free accounts. Minimum account size for cTrader accounts is now $100. Increased maximum leverage for currencies from 1:100 to 1:500, lowered typical spreads, and increased the range of trading instruments. Alpari received a Forex brokerage license from the Bank of Russia. […]
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