Good morning. In 1929, during the infamous Wall Street Crash, the market fell so fast that ticker tapes ran hours behind, leaving traders guessing prices long after the chaos started.

By the time the closing bell rang, many didn’t even know how bad it really was, proof that in a crash, information can lag faster than the fall.

-Shaun A, Jonathan Kibbler, Jordon Mellor

MARKETS

Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.

TRADER INSIGHTS

You know that feeling when price explodes out of nowhere and you’re just staring, frozen, thinking “What did I miss?”

Yeah. That’s the setup you didn’t see.

Every chart hides one. It’s not some secret indicator or mystical pattern, it’s the build-up beneath the obvious.

Markets move because someone needs liquidity. The big players don’t enter at random, they create conditions that make traders take the wrong side first.

That false breakout, that liquidity sweep before the real move that’s the setup.

I’ve seen this a thousand times: price breaks above resistance, Twitter goes bullish, and then… it dumps right back down. Why? Because smart money just used that breakout to fill sell orders. The “setup you didn’t see” was the accumulation phase hours before that breakout even happened.

When you zoom out, really zoom out, the market’s intentions become clearer.

Personally, I always start with the weekly and daily charts to find trend direction.
Then I drop to the 5-minute or 15-minute for entries, but only when structure aligns.

If the daily is bullish, and the 15-minute is forming equal lows or wicks sweeping liquidity that’s not random. That’s where the setup is hiding. Most traders think the move starts at the candle. It doesn’t. It starts in structure.

Here’s the hard truth: you can’t see these setups if you’re rushing.

The best trades come from waiting for liquidity to be taken, not chasing momentum. I’ve learned that the cleaner the chart looks, the later you are. The messier it looks, choppy, fakeouts, indecision, that’s often where the real setup is being built.

The ones who wait for the story to unfold end up catching the move others only talk about.

The setup you don’t see isn’t hidden because it’s complex. It’s hidden because you’re too focused on what’s moving, not what’s building.

If you can train your eyes to spot buildup, liquidity grabs, structure traps, and time alignment, you’ll stop chasing the market and start anticipating it.

Sometimes the best setup isn’t on your screen yet… it’s developing quietly while you’re scrolling Twitter.

-Shaun A

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FOREX

Right now the Reserve Bank of Australia (RBA) and Reserve Bank of New Zealand (RBNZ) are heading in opposite directions. 

This is why we have seen AUD/NZD prices rise 7% since the beginning of May this year. 

But does the move still have legs?

The RBA has held rates at 3.60% but isn’t signaling urgency to cut. 

The message is consistent:

“We’re not tightening, but we’re not easing either and inflation is still a risk.”

That’s what we’d call a moderately hawkish stance, not aggressively fighting inflation, but firmly resisting rate cuts.

They’re especially concerned about:

That kind of rhetoric could support the AUD, because it tells markets that Australian yields could stay higher for longer.

On the other side of the fence (or sea), the RBNZ has gone full dovish:

That’s a central bank clearly worried about slowing growth and weaker inflation, and it sets the stage for more downside in the NZD.

From a fundamental perspective, this is a textbook monetary policy divergence play.

A hawkish RBA + dovish RBNZ = bullish AUD/NZD bias.

When one central bank holds or hikes while another cuts, capital tends to flow toward the higher-yielding currency (in this case, AUD).

If the policy divergence remains the same, this range high could be vulnerable to a breakout.

I will be monitoring the lower time frame here (daily) to see if we get a pullback to support first, I will look to long into the resistance, then if price breaks I could consider another opportunity.

Remember this. 

When two central banks diverge, it’s one of the cleanest trades in FX. Follow the fundamental flow. 

-Jonathan Kibbler

WATCH

CHART BREAKDOWN OF THE DAY (AUD/USD)

DAILY TRADING PSYCHOLOGY NUGGET

TODAY’S MOST TRENDING MARKET NEWS (OCTOBER 16, 2025)

The U.S. dollar slipped as rising tensions in U.S.–China trade talks weighed on sentiment, while growing expectations of a future Fed rate cut added pressure. (source:reuters)

GAMES

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Answer: Pip (and Pipette)