Daily Alert: Wednesday 29th August 2018

Mark NugentAug 2018, Daily Alert

Daily Alert: Wednesday 29th August 2018

Updated trading plan is here – https://goo.gl/Qf55SF

US equities and the USD take a pause. The gap up at the open for the FTSE100 and FTSE250 endured for all of yesterday but the rise now seems to be over. My Euro50 dips, taking out my stop 1 x risk below the Monday high for a gain of around +2.5%. WTI and GOLD are directionless.

The only real direction on currencies is the EUR which continues up and the CAD which is helped by suggestions the NAFTA talks are almost over. There are no good technical setups for the EUR. The best technical CAD setups are AUDCAD and GBPCAD, both sitting at support, a move through which would be a short entry signal.

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