Wednesday 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.
Silver is toying with its 25-hour and a soon expiring NLBL. So far it’s been hanging on but I’ll be short here until a breach of 31.075.
But it’s really all about currencies this morning. The greenback is now back below both short term SMAs and will soon run into its 25-hour. I plan on being short until I see a breach of that SMA.
Nice SMA setup on the AUD/USD – it’s at its 25-hour right now, let’s see if it’ll act as support.
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This entry was posted on Wednesday, February 13th, 2013 at 8:18 am. Both comments and pings are currently closed.