25 January: Trading Ideas For The Week Ahead

Trader Rick does the leg work for you in today’s Video Update as he guides you through multiple time frame analysis of the major trading markets along with support and resistance levels to look out for, and trade ideas built around these concepts. Starting with the monthly chart he zooms incrementally closer with the weekly, daily and intraday time frames to provide you with the necessary context for good trading decisions this week.

• Gold heading for a test of overhead resistance following break of overhead trendline on the weekly chart. What kind of follow through to expect?
• Crude Oil weekly chart starting to consolidate sideways. Hammer candle followed by strength, where are the resistance levels?
• 30 Year Bonds lost almost 7 full basis points last week, which now puts us into the buy zone on the weekly chart. What to look for next.
• Bund showing bearish signs after weeks of uptrending prices slow down. What to look out for next.
• Eurostoxx 50 good example of the enigmatic Dragon pattern, how to identify it and trade it profitably. Profit target included.
• Yen possibility of a double top pattern as sellers dominate trading followed by hesitation.
• Confirmation will come with a close below the recent higher low.
• Euro fib extensions in action, showing exactly why you need to pay attention to these powerful projections in your own trading.
• S&P 500 is probing for either a test of the lows or will seek to establish a higher low. Keep your eye on the price action in the daily chart for the heads up.

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