Completed the matrix. It is starting to take a bit less time, so that’s good.
Overnight, the Reserve Bank of Australia made its interest rate decision, keeping rates at 2.75% – the Australian dollar weakened a little after the dovish statement.
Not much has changed on the matrix. Setups are the same as the day before.
USDCHF – this is a pair I am going to keep an eye on. It is currently not in a STAM setup but it could quickly turn into a S2S setup. And on the daily chart is starting to show some bearish PA.
AUDUSD – have also labelled this as a S1S – but I think my coach would argue that the trend is much too overextended. There is some bearish price action – inside bar on the D chart – had a look on the 4H chart for a corn trade setup – too messy and can’t argue that there is one there. Keep an eye on it.
No orders entered into the market.
DISCIPLINE STRATEGY – completed all tasks. Had two losing trades, even though there was a bullish and bearish USD position involved.