Daily Bias + No Trades Today

Daily Bias + No Trades TodayLesson 5 of 105 min read

Off until it turns

The third market, refused for two independent reasons, with a written condition for when it comes back that is measured in days rather than hours.

The third market is the Australian dollar against the US dollar, the one module 54 disposed of in a line. Today it had two problems instead of one.

Two problems, not one

The daily and the weekly are both buyers. The 4 hour and the 1 hour are both sellers.

There is also a scheduled release on the calendar. Either of those on its own would have ended the reading, and module 47 already says refusals stack, so only one of them has to be true.

Two independent reasons, and only one of them had to hold.

The condition to come back

The line written under it was that this market is off until the 1 hour makes a higher high and closes above it.

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