I’ve been out for much of the day and so this is just a quick update about the trend line breakout trades thus far and those that might still be brewing.
Breakout trades thus far: there have been 6 x Forex trades for 620 pips and 1 x Stock index for 45 points. I wrote a few of these up earlier today and this article can be found through the following link.
A/J for 80 pips:
U/J for 35 pips.
G/A for 160 pips.
G/N for 160 pips.
E/A for 65 pips.
E/N for 120 pips.
NASDAQ-100 for 45 points.
Other Forex: Watch these consolidation patterns for any momentum-based trend line breakout:
E/U 4hr:
E/J 4hr: a bullish breakout starting?
A/U 4hr: a bullish descending wedge here:
GBP/USD 4hr: note the change in Flag trend lines here. Watch with GBP Manufacturing PMI data tonight::
NZD/USD 4hr: this major trend line has been tested and rejected for now so watch for any new make or break move from here. There is NZD GDT Price Index and Employment data due tonight and early in the Asian session:
GBP/JPY 4hr: new Flag trend lines here:
USD/CAD 4hr:
USD/TRY 4hr: holding above Flag support for now but watch for any make or break:
USD/CNH 4hr: this is getting rather squeezed so watch for any potential breakout:
USD/MXN 4hr:
Commodities:
Gold 4hr: watch the Flag trend lines, $1,250 level and support trend line:
Oil 4hr: watch for any make or break at this major support trend line:
Stock Indices: Watch these consolidation patterns also for any momentum-based trend line breakout:
S&P500 4hr:
DJIA 4hr:
FTSE 4hr: Watch with GBP Manufacturing PMI data tonight:
DAX 4hr: Watch with all the EUR PMIs tonight:
