Hey traders!

Today we saw a very strong and big downtrend working lower. Within that structure, there were a couple of smaller downtrends in between. The bias was clearly to the short side, so all we had to do is to wait for prices to come back to the EMA and form a great bearish signal bar.

There were a couple of trades today, sure ones but also more aggressive ones. Hope you could catch some of them.

The trend broke and prices are slightly reversing now but volatility dropped by a whole lot already. In preparation for tomorrow’s FED meeting traders are waiting for the next potential rate hike.