Follow on FaceBook – Twitter – LinkedIn – YouTube and Instagram!!
PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
OVERNIGHT MARKET SNAPSHOT FOR THURSDAY 3/08/23
US and European markets take a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an extended share market, we could see this move down gather some momentum especially if US employment does not come out positive on Friday.
Expecting a weak open in Asia with the ASX200 to open down 60 pts, the Nikkei to open down over 300 pts and Hang Seng to open down 130 pts.
Traders will be keeping an eye on coming employment data in the US Friday and whether the negative sentiment over the US credit downgrade gathers momentum.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
CLICK HERE FOR FULL ECONOMIC DATA OUT TODAY (AEDT) 3/08/23
Join Our TRADERS HUB DISCORD CHANNEL for updates and trade ideas (email tradethestructure@gmail.com for the link)
Watch the FULL REVIEW here 👇
KEY LEVELS AND MARKET OVERVIEW INTO THE ASIAN SESSION OPEN
Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.