June 22, 2016
- in Uncategorized by schooloftrade
Brexit Trading Strategy | Crude Oil, Gold, E-mini & Euro Futures 06/22/16
“Your time is limited; don’t waste it living someone else’s life. Don’t let the noise of other’s opinion drowned your own inner voice. And most important, have the courage to follow your heart and intuition, they somehow already know what you truly want to become. Everything else is secondary.” –Steve Jobs
Notes for Tonight’s Newsletter:
We have some active markets & plenty of trading opportunities ahead of tomorrow’s ‘Brexit’ vote; Crude Oil and the S&P are both bearish while Gold is sideways and Euro is bullish going into a highly-anticipated Thursday trading session.
Crude Oil is bearish and trying to re-test the triple-down target from earlier this afternoon and we know sellers will be looking for opportunities above resistance levels overhead while buyers have the opportunity to send prices higher on the next pullback.
E-mini S&P is bearish and trying to finish off a measured-move this evening but the double-down support level is holding strong which tells the sellers to look for a ‘breakdown-pullback’ or a ‘trap-high’ for the most reliable selling opportunities tomorrow.
Gold is range-bound and trading sideways ahead of tomorrow’s ‘Brexit’ vote which tells us to use rotation to buy low with seller-failure, sell high with buyer-failure, and use the pendulum swing for targets until we can get a clear direction tomorrow.
Euro is bullish and trying to re-test the highs from earlier today but the buyers appear to be struggling with a resistance trend-line which tells the buyers to look for a ‘breakout-pullback’ or a ‘trap-low’ for the most reliable trading opportunities tomorrow.
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