Three trades highlighted in my w/e post as ones to watch for potential technical breakout trades have rallied on to yield 570 pips. The EURUSD breakout failed but, overall, that tally ain’t too bad. The USD/CAD might be worth keeping in focus now.
AUD/USD 4hr: the Flag breakout is now up 150 pips and I expect it might test 0.75:
GBP/JPY 4hr: stalled at 220:
Gold 4hr: now up near the 200 pip mark:
TC Signal: I have a new TC 4hr signal to LONG the A/J BUT note that 4hr signals are not too reliable at the moment. There has been a trend line break here too but remeber the E/U trade failed this week too and it also came with a triangle breakout!
Others:
USD/CAD 4hr: watch for any break of the trend line as this could then suggest a move down to the 1.30 S/R level:
EUR/USD: note the bounce up off the key 1.045 level!
NZD/USD 4hr: a triangle break but no new TC 4hr signal…FWIW:
GBP/USD 4hr: very choppy but still in the new triangle:
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