Cable — Hi emacro, Look at Cable. On the 4H chart below, it has broken the trendline upward. Some people may be a bit long-biased right now. image Also, look at the 1H chart. It has made an interesting hook and the lower tip of the hook ...

Trendline breakouts

Yea, I take a quick glance of Daily and 4H, or simply zoom out 1H chart to get a larger view. Diagonal lines are great. They allow you to catch a bouncing point or a turning point.

Trendline breakouts

AUD/USD — Hi emacro, I think AUD/USD is looking interesting right now on 1H chart. I like breakouts, but I like them more when they are in accordance with the direction of bigger trend. I have personally set a buy triggger above the 1H swing ...

Trendline breakouts

EUR/USD Daily — Yeah, emacro, actually EUR/USD is now at the verge of an interesting point on daily chart. It'll be either temporarily pullback or a gain after an oversold area on a daily chart (see the chart). On the hourly chart, it will be ...

Trendline breakouts

Hi emarco, I'm from Japan. Yep, it went down. I actually took a short position by placing a sell stop below the trendline, but already closed it with a small profit. I simply didn't want to hold it longer. Currently, other majors are going up. If ...

Trendline breakouts

No worries, mate! Thanks!

Trendline breakouts

I'm not sure which part of the chart your screen shot is showing. Mine is USD/JPY Hourly chart. I think either upward or downward break may make an interesting move. Only the market knows though.

Trendline breakouts

UJ trendline — Hi emacro, I like the simplicity of the trendline. By the way, USD/JPY 1H chart is showing a nice trendline. If you look at the daily chart, it's just in the middle of upward movement. So I'm not sure if it can make a good ...

Trendline breakouts

Hi my30marahaba, Yea, looking for an entry after the breakout of the consolidation would be much better, I guess, especially for CAD. Just be cautious about CAD Emp figure. FEM

Law Of Chart

My pleasure, mate. CAD pairs are good when you are in a right direction. As for the GJ long brekout, I only took 10 pips and got away before the retracement happened. I normally don't close too early, but there was no momentum as I wanted. If it was ...

Law Of Chart

GJ — I would like the GJ to breakout the current consolidation on the upper side, but set the trigger on both sides. Sorry for stepping in, my30marahaba. In my experience, many Asian breakouts on CAD pairs are false (off course sometimes they ...

Law Of Chart

Some more pairs are about to breakout. — Hi Don, Thank you for your interesting thread. I have also been watching the current situation of EU. For potential breakouts, it's gonna be interesting to watch other pairs like USD/CAD, EUR/CAD, ...

Law Of Chart