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

USDJPY overnight corrects the 50% of the most recent downswing

GBPJPY also slightly corrects the recent slide and tests the major horizontal resistance

It’s also correction day for the SP500 and Nasdaq

DAX, German Index is doing much better than its American peers. The weak Euro is to blame, which is helping German exporters

EURUSD joins the correction party as well. 1.05 on the horizon

Gold breaks a major, long-term up trendline

AUDUSD breaks the long-term, horizontal support on the 0.7. That’s pretty negative

EURCHF drops to test a combination of three crucial supports, the down trendline, a horizontal one and the upper line of the symmetric triangle

GBPAUD with a massive double bottom formation. The price is close to a neckline, so a breakout here would be a major buy signal


About Author

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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