Target Trading in the Forex week of September 9th, 2018 EU UJ GU AU

Note: USDX is bullish with convergence and in a possible 3rd wave.We are looking for the continuation to the 97.00 area. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remains steady so still summer trading.

$EURUSD


What ProAct Traders See: Bearish: We are currently sitting @ 1.1559 in a range. We are looking for a break the support @ 1.1543 and then a continuation to the 0.618 Fibo @ 1.1404. Here we could bounce or continue to the 1.1402 area. The ATR for the the pair currently is 82 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 111.36 in a range. We are looking for a continuation to the range top@ 113.21.Here we could pullback or continue to the 113.50 area. The average daily true range (ATR) for the pair currently is 60 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2921 in a range but we may try and trend.If so the 1 and 2 waves have been put in. IF we can break this support we are looking for a possible 3rd wave continuation to the Day chart bottom @ 1.2642. The average daily true range (ATR) for the pair is 98 pips.


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

What ProAct Traders See:We’ll see: We are currently sitting @ 0.7106 in a range.We are looking for a continuation here that would target the 1.618 Fibo @ 0.6952 and maybe the Day chart bottom @ 0.6940. The average daily true range (ATR) for the pair currently is 66 pips.

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Posted to Introduction to Forex Tar... on Sep 08, 2018 — 10:09 AM

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