Tuesday, August 11, 2015

My Trading Plan for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 08/11/15

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Notes for Tonight’s Newsletter:
Wow… what a day!  These markets keep giving us incredible trading opportunities and we have another trading plan for tomorrow… are you ready?

Crude Oil is bearish, but trading at 6-year lows tells us to stay patient to wait for price to come up off the lows so we can sell into the resistance levels overhead.

E-mini S&P is trading inside a price-wedge which tells us to look for selling at the highs and buying at the lows and we will stay patient for FAILURES for the easiest profit!

Gold is bearish after testing the highs of the range in today's session which means sellers will look for buyer-failures at support levels below to keep selling back down to range-lows.

Euro is bearish and trading at the highs of the channel which means sellers will keep looking for opportunities to sell the highs using reversal-patterns at resistance and buyer-failures at support levels below!

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