Costco has been trending up for a while and this is why we do not fight the trend. It is far simpler to trade the direction of the trend than against it. Price has broken through resistance on both the weekly and daily chart and dealing just above 130. If price can stay above the daily resistance then we may have a but candidate again since the pullback started...
EURUSD despite the breaking of the triangle came back and leaned on the trend line. Likely to break the lower trend line and deepening declines.
GBP / AUD - Breaking up the Down Trendline. Is the AUD weakening or GBP strengthening ? ? See below the link EUR / AUD
USDJPY has a monthly, strong trendline - which is moving down (green trendline on the chart). There's a weekly uptrend, supported by 2 trendlines - hitting both the monthly trendline, inside a monthly s&r zone. These are weighing heavily on the trend and is likely to break at least 1, maybe both weekly trendlines. A smaller, weaker trendline is already being...