In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we monitor the agreement on Brexit and US Indices.
GBP
Yesterday’s agreed on UK cabinet draft Brexit agreement has dragged up some additional questions. As a result, we are sure the next few days could be significantly turbulent when it comes to trading the pound.
Indices
The markets that we have identified as significant high probability trading opportunities for the day are the US Indices. Over the last few days, we have seen all three US Indices weaken.
As a result, we can look at yesterday’s daily lows and look for continuation to the downside if we see that break lower. So, the price points we will be focusing on with the SP500 is the 2684 low. This same level for the Nasdaq is 6735 and, finally, in the Dow Jones the same daily low is 24930.
Agreement on Brexit and US Indices – Full Video Analysis
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