Four trade setups for next week

4 trade setups for the week ahead

SLV (ISHARES SILVER TRUST)

SLV is testing a 31.50 level of an upside resistance. A failure to break these levels would lead to a downside reversal and a test of 29.30, which is the wedge upside support.

TRADE SETUP: SHORT SL 32.15 TP 29.20

SLV trade setup

IEUR (ISHARES CORE MSCI EUROPE)

IEUR is breaking below 60.80 and is extending lower. Using this instrument, you can trade European stocks downsturn.

TRADE SETUP: SHORT SL 62.30 TP 57.70

IEUR trade setup

IBEX35 (SPA35 CFD)

IBEX35 is being rejected from 13500 and is reversing lower.

TRADE SETUP: SHORT SL 13575 TP 12500

IBEX35 trade setup

Bitcoin

Bitcoin is being rejected by 87000 and is extending lower. There is a clear downside channel formed.

TRADE SETUP: SHORT SL 86300 TP 74800

Bitcoin trade setup