TL: update before next US session

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:

AJ4

U/J for 35 pips.

UJ4

G/A for 160 pips.

GA4

G/N for 160 pips.

GN4hr

E/A for 65 pips.

EA4

E/N for 120 pips.

EN4hr

NASDAQ-100 for 45 points.

NASDAQ4hr

Other Forex: Watch these consolidation patterns for any momentum-based trend line breakout:

E/U 4hr:

EU4

E/J 4hr: a bullish breakout starting?

EJ4

A/U 4hr: a bullish descending wedge here:

AU4

GBP/USD 4hr: note the change in Flag trend lines here. Watch with GBP Manufacturing PMI data tonight::

GU4

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:

Kiwi4

GBP/JPY 4hr: new Flag trend lines here:

GJ4hr

USD/CAD 4hr:

Loonie4hr

USD/TRY 4hr: holding above Flag support for now but watch for any make or break:

USDTRY4hr

USD/CNH 4hr: this is getting rather squeezed so watch for any potential breakout:

USDCNH4hr

USD/MXN 4hr:

USDMXN4hr

Commodities:

Gold 4hr: watch the Flag trend lines, $1,250 level and support trend line:

Gold4hr

Oil 4hr: watch for any make or break at this major support trend line:

Oil4hr

Stock Indices: Watch these consolidation patterns also for any momentum-based trend line breakout:

S&P500 4hr:

S&P4hr

DJIA 4hr:

DJIA4hr

FTSE 4hr: Watch with GBP Manufacturing PMI data tonight:

FTSE4hr

DAX 4hr: Watch with all the EUR PMIs tonight:

Dax4hr

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