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Wednesday Morning Briefing
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Wednesday Morning Briefing

by The MoleMarch 5, 2014

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 USD/CHF is back at its 25-hour SMA which has been acting as support in recent days. Conveniently we also have a NLBL in place and I intend to take a long breach with a stop a few pips below the SMA.

Copper also near its 25-hour but it’s a lot less defined. Here the NLBL is in play for five more hours and as the current pattern is resembling a Retest Variation Long I’d be happy to take the failure (meaning a long breach).

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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