Day Trading Morning Prep

We can see price-action
testing the buy-zone of 95.58-95.34 with a trigger-zone directly below from
95.39-94.95.  This tells us two
things.  First, if we get a 5-Minute
candle close below 94.95 we will be bearish and selling short down to
93.60.  If the sellers cannot keep control
and a 5-Minute candle close above the 95.58 we will be buying long back up to
the 96.93 sell-zone overhead with a partial profit-target at the 96.18 trigger-zone
lows.

Euro 60-Minute buy and sell-zones:

We can see
the buy and sell-zones on the 60-minute anchor chart are easy to see above us
at 3129 and below us at 3047.  It appears
that price-action tried to move higher Sunday evening and now on Monday is
moving back to the downside.  With a 5-Minute
candle close below 1.3096 we can indeed look to sell short with a profit-target
at the 3047. 

We can see
the price-wedge structure using trend lines above and below the current price-action.  We will use the price-wedge as a profit-target
and a location for a price-reversal if we test the highs or the lows.

Mini-Russell buy and sell-zones:

We can see
the bullish market sentiment has pushed prices higher going into the beginning
of the new week.  We’ve pulled back off
the 958.06 highs last Friday and now moving sideways around the 950.0
area.  In the short term we can say this buy-zone
at 951.2 will make the market personality bullish, however, we know this sideways-trading-range
can easily be broken to the downside.  We
are buying long with a 60-minute candle close above the 953.1 and we will take
a profit-target up at the sell-zone above at 956.6.  Furthermore, if the sellers are too strong, a
5-Minute candle close below 950.3 will get us selling short down to the next buy-zone
of 935.1 and a partial profit-target at the trigger-zone below us at
946.6.  If we can close below the 943.8 trigger-zone
lows we then have a big selling opportunity down to 935.1 and we are getting
short.

Gold Buy and sell-zones:

We can see a
few big-picture clues on this hourly anchor chart.  First, there is an old bearish price-channel that
was broken last week to the downside and this morning we can see that price-action
has tested the lows of this price-channel. 
Furthermore, we can see the bullish price-wedge which leads us to
believe we are going to see a breakout set-up to the up-side later in the
morning trading session.  The most
important clue we see on Gold this morning is the excessive buy and sell-zones above
and below our current price-action.  This
tells us that we need to trade this market as a sideways-trading-range buying
the lows and selling the highs.  Take
your profit-targets quickly when trading market personalities that work like
this today.