Hello! CARRY TRADE is a new refreshed “Trade with swap.” 😉
Beside it is a table presenting the amount of money(in PLN) that we can earn after open preferred position(green-long, red short) in the appropriate currency pair (in the broker XM ), which will be continuously updated (click to enlarge image).
EURAUD – after testing important resistance area the price set new lower wells. We see that the downward trend continues, but now the price is in the area of support. We can easily see that every test result in impulse correction zone. From the perspective of a long-term place is not good to take any position. Let’s take a closer look.
H4 on the chart clearly shows the downward channel and breakout him. This is one of the warning signs that may portend greater correction. For holders of short positions is a sign to close the position. This graph confirms to us that at a given moment the best solution is to stay out of position on the currency pair.
EURZAR – currency pair we can see the formation of a triangle. Currently, we do not know in which direction will breakout, but it should be remembered that the breakout from this formation is associated with a high probability continuation of such a movement. If it upside breakout is likely to activate a sell limit our behalf. If the bottom of this, we can be tempted to join the movement in line with the trend. Stop loss in this case would be the next major resistance area or in the vicinity of 13,200.