Monday Morning Briefing
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
Gold is heading into hourly resistance right now – we have a brand new NLBL and the 25-hour SMA. As it’s looking lackluster I am short with a stop above both.
AUD/JPY tickling two engangld short term SMAs – a breach here would invariably pump us much higher, look out for that. A short position is justified if a breach isn’t accomplished in the next hour or so. I’m more excited about a long setup here as the NLBL below may act as support.
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This entry was posted on Monday, December 3rd, 2012 at 8:25 am. Both comments and pings are currently closed.