Some of the breakout moves have continued and there has been one new one but, for me, I’m more looking at the charts with next week in mind. A reminder that I have a busy w/e and updates might be delayed.
The photo above was taken along my morning walk whilst I was listening to this podcast: The ‘Industries of the Future’ which I highly recommend.
Breakout move update:
AUD/JPY: now up 170 pips and watch the daily support trend line just beneath current price:
GBP/USD: this weekly move is now up to 150 pips and this will be one in focus for next week given the daily chart triangle breakout represents a potential 1,400 pip breakout move.
GBP/AUD: I had been stalking this triangle for AGES and it has proven to be one of the better breakout trades for the week now that it’s up 330 pips!
GBP/NZD: this is a new one from overnight and is already up 90 pips. This 1.77 breakout is a significant one as this is major long-term S/R. More on this in my w/e update.
USD/MXN: watch this nest week as the break of, and any hold below, 19 is very significant:
USD/TRY: consolidating on the 4hr but note the profitable 15 min chart TC signals here; one SHORT and then one LONG: