Tuesday Morning Briefing
Tuesday 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.
Gold dropped hard overnight but then bounced back. If you are short gold right now I recommend that you exit here or move your stop to the b/e point as that series of daily candles is starting to look mighty bullish. In fact I would consider a long position here above 1210.
AUD/NZD – actually the same formation seems to represent itself on most AUD pairs this morning, so pick your poison. Long above the NLBL with a stop below that recent swing lower.
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We have some event risk coming up – in an about an hour on the CAD and later this evening on the AUD.
Cheers,
