Target Trading in the Forex week of July 22nd, 2018 EU UJ GU AU

Note: USDX is Bearish.We have convergence so looking for the continuation to the downside.We are looking for a move to the Range bottom @ 93.669 and a bounce there. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have stayed roughly the same.

$EURUSD

What ProAct Traders See: Bullish: We are currently sitting @ 1.1727 in a range. We are looking to move to the top of the range this week @1.1853 and then bounce off to continue the range.The ATR for the the pair currently is 73 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 111.51 in a range. We are looking to break this slope support and continue the move to the square up @ 110.00 and then the bottom before a bounce.The average daily true range (ATR) for the pair currently is 62 pips.

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$GBPUSD

What ProAct Traders See:Bullish: We are currently sitting @ 1.3135 in a range. We are looking for a continuation to the double top @ 1.3363 and then to the top of the range @ 1.3473. The average daily true range (ATR) for the pair is 107 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:Bullish: We are currently sitting @ 0.7428 in a range.We are looking for a continuation to the range top @ 0.7485 and then MAYBE to the 1.270 Fibo @ 0.7530.The average daily true range (ATR) for the pair currently is 62 pips.

Posted to Introduction to Forex Targe… on Jul 21, 2018 — 10:07 AM

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