Premium Forex Watch Recaps: April 22 – 25, 2024

After our discussion, AUD/USD rallied further on both rising positive broad risk sentiment and hot Australian CPI vibes.  Then the pair fell quickly during the U.S. GDP event, which did post disappointing economic growth/strong q/q Core PCE price growth, which on net was the fundamental trigger we were looking for to be long biased on AUD/USD. 

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Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan.

So once again, only one discussion was valid on both technical and fundamental fronts this week, but like we said last week, sometimes all you need is one good trade, right?

Out of five discussions, only one scenario/price outlook forecast saw both fundie & technical arguments triggered to become a potential candidate for a risk management overlay.  Check out our review on that discussion to see what happened!

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