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Monday Redness
Published: Jul 19, 2021, 10:35 UTC
In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!
In this article:
We start a new week with a decline in major indices. The SP500 dropped and is aiming for the target of 4250.
The DAX, is aiming for the support level of 14800 after breaking a major uptrend line.
Gold is suffering from a stronger USD.
Oil broke the neckline of a head and shoulders pattern and is aiming lower.
The same with the EURUSD, here the potential drop can be huge.
The GBPUSD also broke a major support that is coming from the double top formation.
The EURNZD is waiting for a breakout from the symmetric triangle.
The GBPCHF is moving sideways inside of a rectangle pattern.
The AUDUSD broke the 23,6% Fibonacci and is aiming for the 38,2%, this is a very clean bearish setup.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Tomasz Wiśniewskicontributor
During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.
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