“And yes, you should lose, and I know I can lose and should lose, it’s just a question of quantity. If you lose more than you should have done, that’s when you get into trouble. It’s a lack of discipline in sticking to what you decided you were going to do that causes difficulties. A lot of traders don’t focus on their targets and fail to block out emotions like hope, fear and greed.” – David Kyte
Key inflection points across the board as we continue to experience good conditions for traders. Here are some of the Key Charts that we will be focusing on and reviewing today.
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Still hovering, our focus remains on the weekly close > Weekly DXY.
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Key structural level and psychological support > Euro Monthly. Don’t forget to keep an eye on action around the 1.13 mark.
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Keep an eye on action around the 114 mark in light of recent flows on equities. USDJPY can move quick inside range.
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Market is still very long USD especially against NZD > unwind still in play.
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Kay test for AUSDUSD > heads up for general risk flows.
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Consider primary move done in Crude > Key Support.
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SPX back in the middle. No change in expectation for retest of yearly lows > still in broader range.
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AAPL > unwind still in play.
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And many more…
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Wishing you a great day ahead.
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