June 25, 2015
- in Uncategorized by schooloftrade
Don’t fall for these Trading ‘TRAPS’ | Crude Oil, Gold, E-mini & Euro Futures 06/25/15
“Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek.”
Notes for Tonight’s Newsletter:
Beware… there are ‘TRAPS’ everywhere ahead of Friday’s session… do you see these as well?
Crude Oil is trading at the lows of the price-wedge which means we are looking for sellers to fail at these lows for the best buying opportunities on Friday.
E-mini S&P just broke the low of a short-term range which means we will most likely see buyers enter this market tomorrow and push the price back higher into the range from earlier this week.
Gold is bearish and oversold which tells us to wait for the best selling opportunities up at resistance levels overhead.
Euro is bearish and we are looking for selling-opportunities at resistance levels overhead, and a short-term trading-range tells us there will be ‘fake-out-breakouts’ at the highs on Friday!
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