June 8, 2016
- in Uncategorized by schooloftrade
Risk vs. Reliability Trading Strategy | Crude Oil, Gold, E-mini & Euro Futures 06/08/16
“Cherish your visions and your dreams as they are the children of your soul, the blueprints of your ultimate achievements.”
Notes for Tonight’s Newsletter:
We have some great opportunities waiting for us in tomorrow’s session; All of our favorite markets are bullish and trying to re-test their highs.
Crude Oil is bullish and trying to complete a measured-move this evening but the most recent move looks ‘exhaustive’ which tells us to beware trying to buy the highs and wait patiently for a deep pullback to support levels below for the most reliable buying opportunities tomorrow.
E-mini S&P is bullish and trying to break through the ‘double-up’ resistance level on the way to completing a wedge target overhead which tells us to look for a ‘trap-low’ or ‘breakout pullback’ for the most reliable buying opportunities tomorrow.
Gold is bullish and a recent pullback that ‘trapped-in’ the bears tells us that buyers have their targets back at the highs and will be looking for a breakout-pullback to continue this move higher before this market turns into a range tomorrow.
Euro is bullish and trading inside a ‘triangle’ this evening which tells the buyers to look for a breakout-pullback to new highs or wait for a ‘trap-low’ at support levels for the most reliable buying opportunities tomorrow.
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