Thursday Briefing Update
Thus far a rather productive day – here’s what happened since I posted a few day trade setups this morning:
Gold – great entry at the Maginot Line this morning and we are at target. I am scaling out there as we are touching ST resistance.
Crude – well, it stopped me out of my existing short once it breached that 100-hour SMA. Long now with a stop below.
AUD/USD – nice entry there and it’s on its way. Target near 1.047.
Dollar – this one swung both ways. I only grabbed the upside but I’m showing that trading the resulting drop would have worked as well. Admittedly a difficult one and easily missed if you weren’t watching the screen. That’s why they are day trades of course.
Let me dig around for some interesting EOD perspectives.