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.

Crude is near its 100-hour but dipped back below before really touching it. Could be a little fake out but I don’t recommend you chase it down. Wait for a touch and then pick a side.

The greenback doing the same but inverse – once again I recommend you wait for a bonafide touch before getting positioned.

EUR/CHF – now that’s the type of stuff we want to see! It’s right at its ST Maginot line – so don’t waste time.
[amprotect=nonmember] More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5,10]

EUR/NZD – pushed through its 100-hour but dropped back below. Currently short but this could easily resolve to the upside.

EUR/AUD – same story here but I’m long at the current time.

CAD/JPY – short if she falls below the 25-hour – long if that 100-hour holds.

Silver testing a falling 100-hour SMA. I don’t like it when my stop line is moving away from me which is why I’m probably waiting until that 25-hour catches up with price.

Bonus Chart:

Thursday/Friday action on the E-Mini as seen on the Zero chart. Please draw your own conclusions 😉

Cheers,