📊 TFW Daily Briefing
TFW Daily Briefing — 28 October 2026
Updated: 2026-10-28 19:03:48 UTC
Educational context only — never financial advice. Markets can do anything; protect your capital first 💛
Educational context only — never financial advice. Markets can do anything; protect your capital first 💛
Market Overview — Prev Session
Today's AI lean (educational only):
◀ bearish · neutral · bullish ▶ — further from centre = stronger conviction
very strong bear
moderate bear
neutral
moderate bull
very strong bull
EURUSD
no clear bias
EUR/USD is sitting in a big wait-and-see moment right now — with the Fed Interest Rate Decision, FOMC Statement, and Press Conference all dropping at 5 PM PST, the market hasn't committed to a direction yet, and that's completely normal 💛. We'd want to see price hold above 1.1260 (last session's upper area) to even begin thinking bullish (upward-leaning); a push and close below today's lower range would be the first sign bears (sellers) are taking control. For now, the safest approach is watching how price reacts *after* the Fed speaks before reading too much into any short-term moves.
⚠️ Lean invalidated if: 1.1260
GBPUSD
no clear bias
Cable (our nickname for GBPUSD) has no clear lean just yet — today is stacked with major news events (the UK Budget, and the US Fed's interest rate decision plus press conference), which means price could swing hard in either direction and we want to wait for the dust to settle before committing to a view. 💛 What we'd need to see for a bullish lean (favoring upside) to form would be a strong hold and close back above 1.3420 after the events print; a confirmed close below that level, on the other hand, would open the door to further softness. For now, patience is your edge — big news days like this are a great time to watch and learn rather than trade.
⚠️ Lean invalidated if: 1.3420
USDJPY
no clear bias
Dollar-yen has no clear bias just yet — we're watching closely because the Fed (the US central bank) releases its interest rate decision and statement today, which can move this pair dramatically in either direction. Price is sitting in the middle of its recent range (no strong high or low being tested right now), so we'd want to see a decisive move and close either above 158.20 or below 155.80 before leaning confidently in any direction 💛. Stay patient and let the news pass before committing — big event days like this are about managing risk, not rushing a trade.
⚠️ Lean invalidated if: 158.20
AUDUSD
no clear bias
Aussie-dollar is sitting right up near its recent swing high (the highest price it's reached before pulling back) after a very quiet session, and with the FOMC Statement and Press Conference — that's the US Federal Reserve announcing their interest rate decision and then the chair speaking about it — dropping at 5:00pm PST today, there's no clear directional bias yet for us to lean on. 💛 We're in a watch-and-wait mode: a strong, hawkish surprise (meaning the Fed sounds more focused on keeping rates high) could weigh on Aussie-dollar, while a softer tone could give it room to push higher from this swing high area. Our read shifts meaningfully only once that news settles — so for now, we're watching rather than positioning.
⚠️ Lean invalidated if: 0.6380
USDCAD
no clear bias
USDCAD is sitting right at the edge of a swing low (the last little floor price bounced from) with no clear directional lean yet — today is absolutely packed with major news events on both sides, including the Bank of Canada rate decision and the US Federal Reserve statement, both dropping at the same time this afternoon 💛. Big news days like this can send price whipping in either direction before finding its true footing, so right now we're in watch-and-wait mode rather than leaning one way. We'd want to see price hold and push clearly above 1.4050 before considering any upside idea, or a decisive close below 1.3980 — the level that would tell us the low is breaking down — to consider the other side.
⚠️ Lean invalidated if: 1.3980
GBPJPY
no clear bias
The pound-yen is sitting quietly near the upper half of today's range (meaning price is closer to its session high than its low), but with the FOMC Statement and Press Conference dropping at 5:00pm PST, there's no clear bias yet — big USD news can send ripples through yen pairs in a hurry. We'd want to see how price reacts after the dust settles before leaning in either direction; a hold and push above today's highs could invite further upside interest, while a drop back below 208.50 would suggest the bears are taking control. For now, patience is the trade 💛.
⚠️ Lean invalidated if: 208.50
Gold
no clear bias
Gold is sitting in a wait-and-see moment right now — with the FOMC Statement and Press Conference (the Federal Reserve's big interest-rate announcement and the Chair's live Q&A) dropping at 5 pm PST today, there's no clear directional lean yet because that news can move Gold sharply in either direction. We'd want to see price hold and push back above the upper half of today's range (reclaiming ground lost in the session) before any bullish tilt, or a clean break and close below 3,980 to open the door for further softness. Best practice today is to watch and let the news reveal the next move rather than guessing ahead of it 💛.
⚠️ Lean invalidated if: below 3,980
Silver
no clear bias
Silver is in a bit of a 'wait and see' moment right now — no clear directional bias (no strong pull in either up or down direction) has formed yet, and today's FOMC Statement and Press Conference (when the US Federal Reserve announces its interest rate decision and Chair Powell speaks to the press) could shake things up significantly for Silver either way. 💛 We'd want to see Silver hold above its recent swing low (the last little valley price bounced from) and push back through nearby resistance (a price ceiling where sellers tend to show up) before warming up to an upside lean. Until the Fed dust settles, sitting on hands and waiting for confirmation is perfectly valid — patience is a position too!
S&P500
no clear bias
With the FOMC Statement and Press Conference (the Federal Reserve's big interest-rate decision and the Fed Chair's live Q&A — two of the highest-impact events of the month) hitting at 5:00 pm PST today, there's no clear directional bias just yet for the S&P 500 💛 Price is sitting mid-range after a modest bounce last session, and the market is essentially in a 'wait and see' mode until we hear what the Fed says. Watch for a strong close above recent highs to suggest buyers are stepping in, or a sharp drop and close below 5,580 — the level that would tell us the bulls (the buyers pushing price upward) have lost control.
NASDAQ
no clear bias
NASDAQ had a solid session yesterday, but with the FOMC Statement and Press Conference (the Federal Reserve's big interest rate decision and the chair's live Q&A — two of the highest-impact news events of the month) dropping at 5:00pm PST today, there's no clear bias just yet. We really want to see how price reacts to that news before leaning in either direction — a strong, sustained push above today's highs could open the door for follow-through buying, while a drop and close below 29,400 would tell us the bulls (buyers) have lost control. For now, patience is your best trade 💛
⚠️ Lean invalidated if: below 29,400
DAX
no clear bias
The DAX closed near the top of yesterday's range (the distance price traveled) after a solid session, but with the FOMC Statement and Press Conference — that's the US Federal Reserve announcing interest rate decisions and then answering questions live — dropping at 5:00pm PST today, there's no clear bias yet for us to act on. 💛 Big news events like these can send shockwaves through global markets including European indices like the DAX, so we're watching for how price reacts *after* the dust settles rather than leaning in early. Once the news is out, a hold above 25,150 would keep any potential upward lean alive, while a close below that level would tell us the sellers have taken control.
⚠️ Lean invalidated if: below 25,150
BTCUSD
no clear bias
Bitcoin is sitting in a bit of a wait-and-see moment right now — there's no clear directional bias (no strong push up or down) just yet, and we'd want to see price either defend and reclaim the upper half of its recent range (the band of prices it's been moving between) or break down with conviction before leaning either way 💛. If you're watching Bitcoin today, the key thing to look for is whether buyers step in to push price back above the mid-range area, or whether sellers keep the pressure on and push it lower — that confirmation is what we'd need before calling a direction. Keep Bitcoin on your watchlist for now rather than forcing a trade, and note that a sustained move back above 82,500 would flip this cautious read on its head.
⚠️ Lean invalidated if: above 82,500
ETHUSD
no clear bias
ETH is sitting quietly right now — no big news today and price action (the way price is moving) isn't giving us a clear signal just yet 💛. She's drifting in the lower half of her recent range (the band between her recent high and low), but volume and momentum (the energy behind the move) haven't confirmed a direction. We're watching to see whether buyers step in to defend current levels or sellers push her lower before committing to a lean either way.
⚠️ Lean invalidated if: above 2,400
Data: prev-close analytics only. AI lean = educational context, not a trade signal. Source: TFW market data / yfinance. Always verify current price before acting.
High-Impact News — Red Folders
📅 Full economic calendar: ForexFactory.com/calendar → (always check for same-day additions)
TODAY
GBP — Annual Budget Release
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
GBPUSD
EURUSD
USDJPY
🎯 TFW Recommendation
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
TODAY
CAD — BOC Monetary Policy Report
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
USDCAD
🎯 TFW Recommendation
Bank of Canada Rate Decision — a primary mover for USDCAD and other CAD pairs. TFW tip: step aside from CAD pairs 15 minutes before and after the decision. USDCAD in particular can spike 50–100+ pips in seconds on a surprise. USDCAD is the pair to watch — let the loonie settle before you trade it 💛
Bank of Canada Rate Decision — a primary mover for USDCAD and other CAD pairs. TFW tip: step aside from CAD pairs 15 minutes before and after the decision. USDCAD in particular can spike 50–100+ pips in seconds on a surprise. USDCAD is the pair to watch — let the loonie settle before you trade it 💛
TODAY
CAD — BOC Rate Statement
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
USDCAD
🎯 TFW Recommendation
Bank of Canada Rate Decision — a primary mover for USDCAD and other CAD pairs. TFW tip: step aside from CAD pairs 15 minutes before and after the decision. USDCAD in particular can spike 50–100+ pips in seconds on a surprise. USDCAD is the pair to watch — let the loonie settle before you trade it 💛
Bank of Canada Rate Decision — a primary mover for USDCAD and other CAD pairs. TFW tip: step aside from CAD pairs 15 minutes before and after the decision. USDCAD in particular can spike 50–100+ pips in seconds on a surprise. USDCAD is the pair to watch — let the loonie settle before you trade it 💛
TODAY
CAD — Overnight Rate
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
| Forecast: 2.50%
| Previous: 2.25%
EURUSD
GBPUSD
USDJPY
🎯 TFW Recommendation
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
TODAY
CAD — BOC Press Conference
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
USDCAD
🎯 TFW Recommendation
Bank of Canada Rate Decision — a primary mover for USDCAD and other CAD pairs. TFW tip: step aside from CAD pairs 15 minutes before and after the decision. USDCAD in particular can spike 50–100+ pips in seconds on a surprise. USDCAD is the pair to watch — let the loonie settle before you trade it 💛
Bank of Canada Rate Decision — a primary mover for USDCAD and other CAD pairs. TFW tip: step aside from CAD pairs 15 minutes before and after the decision. USDCAD in particular can spike 50–100+ pips in seconds on a surprise. USDCAD is the pair to watch — let the loonie settle before you trade it 💛
TODAY
USD — Federal Funds Rate
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
| Forecast: 4.00%
| Previous: 4.00%
USDJPY
EURUSD
GBPUSD
🎯 TFW Recommendation
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
TODAY
USD — FOMC Statement
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
EURUSD
if hot:
if cool:
GBPUSD
if hot:
if cool:
USDJPY
if hot:
if cool:
AUDUSD
if hot:
if cool:
USDCAD
if hot:
if cool:
🎯 TFW Recommendation
FOMC Statement and/or Rate Decision — this moves everything. Rate decisions are especially powerful. TFW guidance: go flat or stay out for 30 minutes around the announcement (1 hour for the full press conference if scheduled). The market often reverses 2–3 times in the first hour as traders digest the language. Let that volatility clear before looking for structure. FOMC is the market equivalent of a plot twist — let the episode finish before making your move 💛
FOMC Statement and/or Rate Decision — this moves everything. Rate decisions are especially powerful. TFW guidance: go flat or stay out for 30 minutes around the announcement (1 hour for the full press conference if scheduled). The market often reverses 2–3 times in the first hour as traders digest the language. Let that volatility clear before looking for structure. FOMC is the market equivalent of a plot twist — let the episode finish before making your move 💛
TODAY
USD — FOMC Press Conference
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
EURUSD
if hot:
if cool:
GBPUSD
if hot:
if cool:
USDJPY
if hot:
if cool:
AUDUSD
if hot:
if cool:
USDCAD
if hot:
if cool:
🎯 TFW Recommendation
FOMC Statement and/or Rate Decision — this moves everything. Rate decisions are especially powerful. TFW guidance: go flat or stay out for 30 minutes around the announcement (1 hour for the full press conference if scheduled). The market often reverses 2–3 times in the first hour as traders digest the language. Let that volatility clear before looking for structure. FOMC is the market equivalent of a plot twist — let the episode finish before making your move 💛
FOMC Statement and/or Rate Decision — this moves everything. Rate decisions are especially powerful. TFW guidance: go flat or stay out for 30 minutes around the announcement (1 hour for the full press conference if scheduled). The market often reverses 2–3 times in the first hour as traders digest the language. Let that volatility clear before looking for structure. FOMC is the market equivalent of a plot twist — let the episode finish before making your move 💛
TOMORROW
USD — Advance GDP q/q
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
| Forecast: 3.2%
| Previous: 1.5%
USDJPY
USDCAD
EURUSD
GBPUSD
AUDUSD
🎯 TFW Recommendation
GDP release — shows how healthy the economy is growing (or shrinking). A surprise beat or miss can move the currency. TFW tip: be cautious on pairs involving that currency for 10–15 minutes around the release. GDP is a slow-burn indicator — it sets the tone more than it creates instant spikes. GDP is like a quarterly report card — markets care, but the reaction is usually measured 💛
GDP release — shows how healthy the economy is growing (or shrinking). A surprise beat or miss can move the currency. TFW tip: be cautious on pairs involving that currency for 10–15 minutes around the release. GDP is a slow-burn indicator — it sets the tone more than it creates instant spikes. GDP is like a quarterly report card — markets care, but the reaction is usually measured 💛
TOMORROW
USD — Core PCE Price Index m/m
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
| Forecast: 0.3%
| Previous: 0.2%
EURUSD
USDJPY
Gold
NASDAQ
🎯 TFW Recommendation
Inflation data (CPI, PPI, PCE) — markets care deeply because high or low inflation changes rate expectations. TFW tip: step back 15 minutes around the release on relevant currency pairs. The first candle tells you a lot — wait for it to close before acting. Inflation news = the market recalculating what rates might do next. Give it a moment 💛
Inflation data (CPI, PPI, PCE) — markets care deeply because high or low inflation changes rate expectations. TFW tip: step back 15 minutes around the release on relevant currency pairs. The first candle tells you a lot — wait for it to close before acting. Inflation news = the market recalculating what rates might do next. Give it a moment 💛
TOMORROW
EUR — Main Refinancing Rate
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
| Forecast: 2.65%
| Previous: 2.65%
EURUSD
GBPUSD
USDJPY
🎯 TFW Recommendation
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
TOMORROW
EUR — Monetary Policy Statement
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
EURUSD
GBPUSD
USDJPY
🎯 TFW Recommendation
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
TOMORROW
EUR — ECB Press Conference
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
EURUSD
GBPJPY
🎯 TFW Recommendation
ECB Rate Decision and/or Press Conference — a big mover for the euro. EUR pairs can gap and spike dramatically, especially if the decision or forward guidance surprises. TFW guidance: step aside from EUR pairs 30 minutes before the announcement and wait for the press conference candle to close before re-engaging. The ECB press conference is where EUR pairs find their weekly direction — let Christine Lagarde finish talking before you trade 💛
ECB Rate Decision and/or Press Conference — a big mover for the euro. EUR pairs can gap and spike dramatically, especially if the decision or forward guidance surprises. TFW guidance: step aside from EUR pairs 30 minutes before the announcement and wait for the press conference candle to close before re-engaging. The ECB press conference is where EUR pairs find their weekly direction — let Christine Lagarde finish talking before you trade 💛
TOMORROW
JPY — BOJ Policy Rate
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
| Forecast: <1.25%
| Previous: <1.25%
USDJPY
GBPJPY
AUDUSD
🎯 TFW Recommendation
Bank of Japan Rate Decision or Statement — JPY pairs can move violently on BoJ surprises (the yen has had several huge unexpected moves in recent years). TFW guidance: be extra cautious on any JPY pairs around BoJ events — the moves can be very fast and spreads widen. Wait for clarity before trading. The BoJ is full of surprises lately — treat JPY pairs like a live wire on BoJ day 💛
Bank of Japan Rate Decision or Statement — JPY pairs can move violently on BoJ surprises (the yen has had several huge unexpected moves in recent years). TFW guidance: be extra cautious on any JPY pairs around BoJ events — the moves can be very fast and spreads widen. Wait for clarity before trading. The BoJ is full of surprises lately — treat JPY pairs like a live wire on BoJ day 💛
TOMORROW
JPY — Monetary Policy Statement
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
USDJPY
EURUSD
GBPUSD
🎯 TFW Recommendation
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
High-impact economic event — this can cause sharp, fast moves on the relevant currency. TFW teaching: be cautious on pairs involving that currency for 15–20 minutes around the release. Wait for the volatility to settle and a clear candle structure to form before looking for entries. When in doubt with high-impact news, patience is always the right trade 💛
TOMORROW
JPY — BOJ Outlook Report
⏰
PST 5:00pm · NY 8:00pm · London 1:00am · NZ 12:00pm
USDJPY
GBPJPY
AUDUSD
🎯 TFW Recommendation
Bank of Japan Rate Decision or Statement — JPY pairs can move violently on BoJ surprises (the yen has had several huge unexpected moves in recent years). TFW guidance: be extra cautious on any JPY pairs around BoJ events — the moves can be very fast and spreads widen. Wait for clarity before trading. The BoJ is full of surprises lately — treat JPY pairs like a live wire on BoJ day 💛
Bank of Japan Rate Decision or Statement — JPY pairs can move violently on BoJ surprises (the yen has had several huge unexpected moves in recent years). TFW guidance: be extra cautious on any JPY pairs around BoJ events — the moves can be very fast and spreads widen. Wait for clarity before trading. The BoJ is full of surprises lately — treat JPY pairs like a live wire on BoJ day 💛
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AUDUSD - 5M
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Based on symbol mentions in TFW community posts and comments over the last 7 days.
Important notice: This briefing is for educational purposes only — not financial advice. Trading results vary. Markets can do anything. Always manage your risk. This briefing is generated from publicly available market data and community activity. It is context for educational purposes only — not a trade signal or financial advice. The TFW team are educators, not licensed financial advisors. Past performance does not guarantee future results. Always use a stop loss and only risk what you can afford to lose.
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📖 Trading terms explained — tap to open
New here? Every term used in this briefing, explained in plain words. No jargon left unexplained.
Swing High / Swing Low
The last peak (swing high) or valley (swing low) on the chart — the little bumps price made before reversing.
Traders watch these because price often reacts there: it might bounce off a swing low or stall at a swing high.
Range
How far price moved from its lowest to highest point in a session.
A 'quiet range' means price barely moved. An 'expanded range' means it moved more than usual — higher volatility day.
ATR (Average True Range)
The average distance price travels in a typical session — its 'normal step size'.
When the day's range is bigger than ATR, price is moving more than usual. When smaller, it's a quiet day. Helps size stops sensibly.
Liquidity Sweep
Price briefly dips below a swing low (or above a swing high) to grab the stop orders sitting there, then snaps back.
It's the market 'raiding' the stops before the real move. Seeing a sweep then a reversal is often a strong signal.
Bias / Directional Lean
Which way the market seems to be leaning — bullish (upward), bearish (downward), or no strong lean.
Bias doesn't mean price will definitely go that way. It's the direction that looks more likely given current structure. Always have a plan if it goes the other way.
Invalidation Level
The price where your reason for the trade is no longer valid — 'if it gets here, my idea was wrong'.
Knowing your invalidation level before entering helps you decide where to put your stop loss and whether the trade is worth the risk.
Retest
When price comes back to a level it just broke through — testing whether that level now holds as support or resistance.
After a breakout, many traders wait for the retest (the return visit) as a higher-quality entry rather than chasing the initial break.
Scalping
Taking very quick, small trades — in and out in minutes, targeting small price moves.
Scalpers trade frequently and need tight spreads. Around news events, TFW teaches to avoid scalping because spreads widen and stops get hit fast.
Spread
The gap between the buy price and sell price — the broker's fee for the trade.
Around high-impact news, spreads can widen dramatically (5-10× normal). This is why TFW teaches to step back before news: your stop might get hit just from the spread alone.
Stop Hunt
When price briefly spikes to hit a cluster of stop-loss orders before reversing in the original direction.
Common before and after news events. Setting stops at 'obvious' round numbers or just below swing lows makes you more vulnerable.
Consolidation
Price moving sideways in a tight zone — taking a breather, not going anywhere in particular.
After a big move, markets often consolidate before continuing. TFW teaches patience here: wait for a breakout with momentum rather than trading inside the range.
Breakout
When price pushes through a level it's been unable to get past — breaking the ceiling or the floor.
The best breakouts have momentum behind them (strong candle, volume if available). Fakeouts (false breakouts) are common, so many traders wait for a close beyond the level or a retest.
Pullback
A temporary move against the main trend — a step backwards before the trend continues.
Pullbacks are one of the best trade entries in trending markets. TFW teaches to wait for price to pull back to a key level (like the 50 EMA or a swing low) before entering in the direction of the trend.
Red Folder
High-impact news events shown in red on the ForexFactory economic calendar — the big announcements that can move markets sharply.
Examples: CPI (inflation), NFP (US jobs), central bank rate decisions. TFW teaching: step back from the market 15-30 minutes before red folder releases and wait for the chaos to settle.
Risk:Reward (R:R)
How much you could make versus how much you're risking on a single trade — e.g. 1:2 means risking $1 to potentially make $2.
Even if you're only right 40% of the time, a 1:3 R:R can still be profitable. TFW teaches to aim for at least 1:2 before taking a trade.
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