Do you ever find yourself holding onto losing trades for too long? Or entering into trades you know you shouldn't? As traders, we sometimes make obvious mistakes but don't understand why we keep making them. This is where understanding your trading psychology becomes extremely important. In today's episode, Amy Wardak explains WHY traders make these mistake and answers the question 'Is it possible to change this behavior and succeed at trading?' 

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USDJPY Analysis
USDJPY comes off the highs and looks to be mildly retracing on the 1D timeframe. Price is forming a sort of wedge pattern with higher lows and lower highs, but overall price is able to keep itself above clean support around $139. This could be a temporary break before we see new highs on the pair

USOil Analysis
Oil looks weaker as price continues to move lower while stuck in a downtrend since June. WTI is losing demand during this energy crisis due to a slow in output which could be contributing to sinking prices. Price may come down to test the lows around $80 should it fall beneath the level of support

NAS100 Analysis
NAS 100 looks like it’s coming up from the lows for a short term ride in price. The pair crossed under a rising trend line and is struggling to move back up from there. If it does maintain at this level, the index may show signs of positive growth as a higher low has formed. If not, price may come down to test the $11,600s where there is another bottom level of support.

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USD Still Strong from Inflation
https://a1trading.com/usd-still-strong-from-inflation/

With annual core inflation in the US currently sitting at 6.3%, sharp declines in volatile energy prices are still not enough to bring the country’s inflation train to a screeching halt. This gives the Federal Reserve further incentive to continue raising interest rates, which manifested in a surge of buying pressure for USD this morning as the US Dollar Index jumps 1% intraday. With even a technical recession and a rising unemployment rate unsuccessful in completely mitigating economic overheating, USD bulls may have fundamentals on their side for the near future.

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Nice trade on EURUSD to end the week! 👏

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NAS100 Analysis
The NAS100 looks considerably weak after falling under a rising trend line and closing underneath it. US indices saw one of the worst dips for a trading day in a while on Friday and it looks like that momentum to the upside will continue. Action from the FOMC tightening up on the USD is widely expected as tech stocks will be the most affected in a risk off environment.

UK100 Analysis
UK100 dips ahead of the FOMC this Wednesday which expected to lead to a 75 basis point rate hike on the USD. Price is has come down near support on the rising trend line on the 1D timeframe for another test. It seems like the index is stuck in a wedge pattern after quickly retracing from the highs of the top trend line. If price breaks under, we could see further downside to the $7120s where there is a previous bottom support level.