Concerning the AUD-NZD here is what happened. These type of breakouts are known as double fake breakouts First a fake breakout to the upside (blue rectangle), then a second fake breakout to the downside (red rectangle). The second fake breakout was ...

I completely forgot to update this thread, sorry. Here is what happened as far as the breakout on the USD/CAD (see post above) was concerned. As you can see, the Canadian dollar finally broke out of its trading range, made a 100 pip upmove and then ...

So far the support line is still holding after the FOMC report.

The Canadian dollar is going for the breakout (to the downside), or so it seems...

Out at 109.70. Outcome : +50 pips on half the position and +30 pips on the other half, in less than 48 hours.

The USD/CAD has been stuck in that range for 10 days now. Notice the fake breakout on the chart (black circle) : two big bullshit bars immediately followed by two bearish bars. Get ready, the breakout could be huge...

Come on Yen, give me another 50 pips and then you can go back to sleep. Chop chop, off you go. Jokes aside, what I like about this long USD/JPY position is that there is no resistance overhead, at least in the short term. This is ...

+50 pips on that USD/JPY upmove (bought at the breakout line at 109.40), selling 50% of my position and moving stop to entry point. Now keep going you lazy mule.

The expected breakout to the upside (most likely scenario in this case) did happen indeed. Here are the "before" and "after" charts (breakout line is at 109.38). Hope you made some money on that (still in progress) move.

If breakout to the downside a possible target is 1.2750 (about 70 pips lower).

Welcome aboard TeaTime and thanks for your input. Yes AUD/NZD seems to be a candidate too, although I do not like that weird move on the chart. It even looks like a complex head and shoulders formation, from both sides (top and bottom), so let's see. ...

Here is a typical trap breakout on the USD/CHF : the market "breaks" to the downside, traps the short sellers and then breakouts in the intended direction (up). These false counter trend breakouts are powerful signals if the trader can spot them... ...

Example of a recent breakout on the EUR/USD (1H). This pair got stuck in a narrow trading range for less than 3 days and then went down like a ton of bricks.

EUR/CHF cannot make up its mind too. However, this pair is "weird" and unpredictable so be careful.

The USD/CAD is also currently stuck in a nice trading range, but for how long...

Hi, I am fine, thanks, just doing some research at the moment...

Out at 1.6485, +20 pips (total 80 pips). I guess I'll call it a day now, off to bed, bye all.