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.
Make sure you don’t miss my weekend update – plenty of juicy long term charts are waiting for you there.
USD/JPY is kissing its 25-hour SMA – I’m currently short with a stop above. Long if it closes above – the SMA is falling fast so there should be resolution soon.
EUR/CHF below its 100-hour SMA and two NLSL. I went short as it dropped through the 25-hour SMa with a stop above all that new resistance.
AUD/CHF is still making up its mind but shows similar context. I would be short below that 25-hour SMA.
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