In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!

The new week – with the US market starting on Tuesday due to Labor Day – is starting on the front foot with all the major indices climbing significantly higher.

The DAX broke the upper line of the pennant formation and is heading north with high momentum.

Gold is still climbing inside a big channel up formation. The price will most probably hit the 1960 USD/oz pretty soon.

Brent Oil is breaking the psychological barrier of 70 USD/bbl at the time of writing.

The EURUSD has fully recovered after a false bearish breakout of the mid-term up trendline which started on Friday.

The USDCAD broke the lower line of the pennant formation and all this is happening on a major, long-term support.

The AUDCHF tried to break the short-term horizontal resistance in order to create a bigger bounce from the 38,2% Fibonacci.


About Author

Tomasz Wisniewski

During his career, Tomasz has held over 400 webinars, live seminars, and lectures across the globe. He was also an academic lecturer at Poland's Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for the accounts; none of which were ever negative. Tomasz gives preference to a technical approach to trading: mainly price action with very strict money management rules. He believes that the most important thing in trading is your mind, so it is much better to focus on trading psychology than to look for the Holy Grail of trading systems.

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