Out of all people, tommy’s dad would be the least bias person in this and if he’s saying it could’ve gone either way, then thats really saying something
If you won your last trade, it doesn't mean that you are going to win your next.
If you lost your last trade, it doesn't mean that you are going to lose your next.
Approach each trade with a clean slate. This prevents you from trading emotionally.
Bulls take the lead during the Tokyo session, hitting the daily mid resistance @ 0.6914
- NAB business confidence dropped to 5 from 15 prior
- Lowe hinted 0.50% rate hike
Sentiment: Meh ~ no strong indications (China Covid conditions unclear)
Technical: shortterm fresh uptrend
#AUDUSD 21/7 Analysis
Syd Session Opened @ 0.6882
- struggling around 0.6900, recession fears?
- NAB business confidence will be impactful (9.30am)
4hr: Uptrend
1hr: Uptrend
30mins: Consolidating / Downtrend
Analysis for #AUDUSD
- currently consolidating in the mid .6700 zone
- AUS announced lower unemployment numbers and possible RBA increase in August
- short term may see further rallies but long term will be attracted to the lowest june 2020 or beyond
Trade with care y’all
Volume & Price Action
Using only volume, or only price action limits the quality of your setups. Use both in confluence in order to find setups where both are pointing in the same direction.