US100 I rarely look at the AUDUSD these days but massive moves in major currency markets means systemic damage is being done now. However it could still go much further. The reasons for that has to do with deep technical damage, market psychology of dip buyers expecting a V shaped recovery, leveraged institutions haven't started to blow up yet so there's is still more wood to chop there, credit spreads have only just started widening, other countries stock markets have even more wood to chop and just the reality of trump thinking he can aggressively and clumsily undo globalization without also unwinding decades of gains spurred by that globalization.
AUDUSD *new traders* - what happened last week with volatility in stocks/currency pairs goin forward, no matter how good your TA or another/TA idea looks , it is at the mercy of president trump actions,his truthsocial,and his ego. don't "overextend your stay" with your winners
AUDUSD just some thoughts for next week. Massive loss for me. The lesson is no matter how experience you are there’s always a Black Swan event use protection. Lost over 6 digit on Friday, te counter tariff screw us badly on the upside I was speaking with a friend over the weekend he has blown out is account also. Remember size is what kills you. Good luck everyone next week I know a trader that thinks the bottom is 52 I hope he is wrong