What a session! There have been many new trend line breakouts since yesterday’s update and most of these also came with new TC signals. This is TC Heaven as the preferred trade set up for TC is to wait for such an alignment of events.
Data: watch today with NFP and GBP Manufacturing data.
Trend line breakout trades and TC signals:
GBP/JPY: this has given a Bull Flag style breakout but watch the next 4hr chart trend line and the weekly 200 EMA for any new make or break. This move gave a great TC signal for 4R!
GBP/JPY 4hr: 200 pips:
GBP/JPY 15 min: a great low-risk 4R trade result:
Gold: this breakdown move has continued now for 260 pips. There has been another great TC signal here last session though for 5R!
Gold 4hr: 260 pips now:
Gold 15 min: a great TC signal last session for 180 pips and 5R!
USD/JPY: I’d said to watch 112 for any support and this has indeed kicked in! A new breakout for just 35 pips but watch for any continuation up to 114.50 S/R. There was a great low risk intra-pattern TC signal here 3 R though!
USD/JPY 15 min: a low risk set up worth taking as it gave 75 pips for 3R:
EUR/AUD: a trend line breakout here for 100 pips that came with a new TC signal for 2.5 R.
EUR/AUD 15 min:
GBP/AUD: a trend line breakout here for 230 pips but now watch the 1.80 level for any new make or break. This move came with a new TC signal on the 15 min chart for 2 R but this needed a large Stop. Dropping down to the 5 min chart though gave a lower-risk set up for a 4R trade:
GBP/AUD 4hr: watch 1.80 for any new make or break:
GBP/AUD 15 min: 200 pips for a 2 R trade:
GBP/AUD 5 min: 200 pips for a 4 R trade:
GBP/NZD: a trend line breakout here for 190 pips.This move came with a new TC signal on the 15 min chart for 3 R but this needed a large Stop. Dropping down to the 5 min chart here also gave a lower-risk set up for an 8.5 R trade!
GBP/NZD 4hr: 190 pips:
GBP/NZD 15 min: 260 pips for 3 R:
GBP/NZD 5 min: 260 pips for 8.5 R:
EUR/USD 4hr: this breakout has limped on for 60 pips:
AUD/USD 4hr: a new break for just 30 pips:
GBP/USD 4hr: I had suggested this looked like a Bull Flag and there you go! Only 85 pips for now but watch 1.35 for any new make or break:
Other Forex: watch the following for any momentum-based trend line breakout: