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

Gold traders are fighting to keep the bullish dream alive and they’re trying to create the right shoulder of the Inverse head and shoulders pattern. A breakout of the neckline can possibly bring serious bullish sentiment

Silver bounced from a crucial support on the 24.8 USD/oz

Brent oil broke the mid-term down trendline and is aiming higher

The Dow Jones is in the third wedge pattern in a row. The previous two ended in an upswing

The EURUSD climbed back above the 23.6% Fibonacci

The GBPUSD wasted a great chance for an upswing and failed to break the neckline of the inversed head and shoulders pattern

The AUDUSD on the other hand, is very close to activating the buy signal from its own inversed head and shoulders formation

The USDCAD is locked in a tight rectangle below major down trendlines

The GBPAUD is in a sweet long-term sell signal, after the price created a head and shoulders pattern at the end of the wedge. A breakout of the lower line of the wedge opens a way towards new mid-term lows

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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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