$29,000 In Under 2-Days

GM. Currencies & Coffee at the helm – where we navigate the forex seas with a compass of clarity.

Here’s what we have covered today:

☕ U.S. Rates Set to Rise, NASDAQ Takes a Hit, Inflation Updates

☕Weekend Analysis is the Weekday Success Formula

☕$29,000 Trading GOLD, AUDNZD & NZDJPY Setups

🗞️Movers & Shakers🗞️

It's time to dive into the financial highlights of last week and gear up for the upcoming monetary events. Here's a simple breakdown of what went down and what's on the horizon!

The Week That Was:

➡️ Fed's Decision: As anticipated, the U.S. Federal Reserve chose to maintain the current interest rates. However, they did revise their forecasts regarding economic growth and inflation, indicating the possibility of sustained high-interest rates or even a potential increase.

➡️ US Economic Updates: Despite the Fed's decision, some recent U.S. data showed that the economy is handling these higher interest rates pretty well. Fewer people are claiming jobless benefits, and bond yields (which reflect the return on government bonds) went up, hinting that rates might stay high for some time. This had a ripple effect on global stock markets, especially tech stocks, with the NASDAQ seeing its worst week in 6-months.

➡️ Bank of England's Move: The Bank of England (BOE) also decided not to change their interest rate. This decision came after some data showed inflation (the rate at which prices rise) was softer than expected. This might mean the highest the rate will go is 5.25%.

➡️ Bank of Japan's Stance: The Bank of Japan (BOJ) didn't make any changes to their policy, which was expected.

The Week Ahead:

➡️ Eurozone Inflation: We'll get updates on inflation in the Eurozone. Specifically, Germany's inflation data will be out on Sept 28 at 12:00 pm GMT, and France's on Sept 29 at 6:45 am GMT. The overall Eurozone CPI will be released on Sept 29 at 9:00 am GMT. If inflation is higher than expected, it could strengthen the Euro as it might signal potential interest rate hikes by the European Central Bank (ECB)

➡️ U.S. Core PCE Price Index: On Friday at 12:30 pm GMT, we'll look at the U.S. core PCE price index, which measures inflation. This data can influence the U.S. dollar's strength.

➡️ FOMC Member Speeches: Several Federal Open Market Committee (FOMC) members will speak throughout the week. Notably, Fed Chairman Powell will speak on Sept 28 at 8:00 pm GMT. Their insights can offer clues about future U.S. monetary policy. Confirmation of the Fed's 'higher for longer' plan can extend the US dollar's recent rallies.

Weekend Analysis is the Weekday Success Formula

For traders balancing a 9-to-5 job with their love for trading, I am here to help. Finding time for trading during a busy workweek can be difficult, but I have a solution. I want to share a strategy that is tailored to your specific situation. By focusing on making the most out of your weekends, you can excel in the markets during the week. Let's explore how you can optimize your limited free time to boost your trading performance.

Here are some tips to get started:

1. Allocate Weekend Time for Trading:

While your weekdays are consumed by the daily grind, weekends offer a valuable opportunity to focus on your trading endeavours. Reserve a dedicated portion of your Saturday or Sunday for market analysis and preparation. This focused approach ensures that you're fully prepared for the trading week ahead. It doesn't need to be long. I usually set aside roughly an hour to prepare for the new week.

2. Reflect and Learn from Past Trades:

Kickstart your weekend analysis by revisiting your trades from the previous week. This step is instrumental in your growth as a trader. Take time to assess what went right and what could have been improved. By identifying areas for enhancement, you'll steadily refine your trading skills.

3. Stay Informed, Even on Weekends:

In the world of finance, developments can unfold at any hour, including weekends. While you don't need to be tethered to your screens, staying updated on major news and events that might impact your trades is crucial. A quick check of financial news sources during your weekend downtime keeps you in the know.

4. Chart Analysis and Strategy Development:

Leverage your weekend hours to perform in-depth technical analysis and pinpoint potential trading opportunities. Identify key support and resistance levels, trends, and chart patterns. Develop a well-defined trading strategy for the upcoming week. This proactive approach ensures you're ready to execute trades efficiently when the markets open.

5. Set Achievable Weekly Goals:

Given your 9-to-5 commitments, craft achievable trading goals for the upcoming week during your weekend analysis. Clearly define entry and exit points, along with risk management parameters.

Action Steps:

1️⃣ Carve out weekend time for your trading activities.

2️⃣ Reflect on past trades to gain insights and improve.

3️⃣ Stay informed about market developments, even on weekends.

4️⃣ Perform thorough chart analysis and devise a robust trading strategy.

5️⃣ Set realistic weekly trading goals that align with your work schedule.

With these weekend analysis practices in your toolkit, you can thrive as a trader, even when balancing a 9-to-5 job. Success in trading is all about maximizing the time you have and maintaining discipline. So, whether you're savouring your morning coffee on a Saturday or enjoying a Sunday afternoon break, utilize these moments wisely to elevate your trading journey.

SIP, LAUGH, TRADE 😁

📈LATTE LINEUP📈

-XAUUSD- (+$29,000 profit from last week)

Last week, I shared a possible sell setup on Gold. We were anticipating a bearish move on the 8-hour time frame and were waiting for our Higher Time Frame (HTF) confirmations to play out. We were waiting to see the emergence of selling pressure from the 100% Fibonacci level and previous high, acting as the last area for sellers to step in to maintain the bearish trend.

The sellers did indeed step in with a massive bearish rejection candle forming from the zone accompanied by massive volume. This was a strong enough HTF confirmation to move to the Lower Time Frame (LTF) of the 1-hour to hunt for an entry.

After the bearish rejection of the 8-hour, I was looking for the selling pressure of HTF to cause a change in market structure on the LTF, resulting in a new lower low and lower high. I wanted to see the price retest the broken 1-HR support as resistance, which was confirmed by the bearish engulfing candles. My entry trigger was confirmed when this happened. I set my stop loss above the previous high and aimed for the previous HTF low as my target, always paying myself at an intermediate level.

Following my entry, the price action maintained its bearish nature all the way to the target, resulting in over $29,000 profit in less than 3 days. The whole game plan was shared with our members before it happened, and well done to everyone who cashed in.

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-AUDNZD-

HTF (12-HR): AUDNZD has broken its previous low, commencing a bearish trend with a new lower low. I want to see the price now retrace to retest the broken support as resistance is confirmed by bearish rejection or engulfing candles. The price still needs to establish its low point, from which we can pull our Fibonacci retracement tool from the previous high to the new low to find an area of confluence for the price to commence its next leg lower. Once we have all our HTF confirmations, we can then look to the LTF for an entry.

The price still needs to develop on the HTF, so keep up to date on this setup in the Nexus Hub for the up-to-date game plan.