Get started

Downtrend

Will the trend continue? Watching AUDUSD today, same as yesterday however today we got a signal candle. Looking for a retracement entry as we're not at the open yet so can expect some volatility soon. Looking at yesterdays move we had a more exaggerated overnight move which lead to some strong downside, here we're had a stable overnight session so there is a risk price may push higher. Watching GBPUSD too, which has posted some lower wicks late Thursday suggesting potential bullish pressure. Ultimately the trade ticks the boxes so we need to take it, but I'd be much more confident if this setup appeared yesterday instead.
Short
by RuckSack
2
Final crash is coming !We have so many confluences on this set up : 1) We can see a rejection of the higher band in the descending channel. 2) Another rejection of the 618 from the past impulsion. 3) Friday the Jackson Hole summit of the Fed provides us negative news fundamentally, Hikes IR -> investors will change their positions from equities to Bonds or most simply Banks. And even more investors will buy USD (wait and see $€). 4) Technically, the bearish divergence on RSI is not a good signal to buy. 5) Even tough, the price still have power to reach the final target. 6) We have a daily Head&Shoulder. 7) Moreover, seasonality is with us, because over the last decades, usually September has been a negative month. To sum up, we have at least 7 confluences and fundamentals are clearly bearish with a hawkish monetary policy from the Fed. Let's look for an entry point now !
CME_MINI:NQ1!Short
by Aksel_trader
LINK PERSONAL ANALYSIS IN THE SHORT TERM (WOW, POTENTIAL!)The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't see any extreme dumps for a while considering how the SP500 and the NASDAQ (despite their mega bearish scenario) will often retrace before a further dump. Please be mindful of your risk, go to sleep with a stop loss so you won't suffer any forms of insomnia or paranoia. --------------- You like the chart? That's great, use it! Bookmark it, save it -- its yours, for free. Don't forget to comment, share, and boost the post!
KRAKEN:LINKUSDLong
by Wamses
1