Monday Morning Briefing
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.
The NQ is currently retesting its 25-hour SMA. Granted – it has NOT observed it in recent past but that was before it pushed above that 3057 seller. A small speculative position here is permissible with a stop below 3060 – small risk for a low probability setup that could however continue the late Friday squeeze higher.
USD/JPY at is 25-hour but from below. There’s a NLBL right above it and I would be short here with a stop above the NLBL. Long if it manages to breach it.
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Cheers,
