Target Trading in the Forex week of June 4th, 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1282. We are looking to complete a 5th wave in the 1.1500 area. Might take a while though since the pair’s ATR is so low for its popularity. The average daily true range (ATR) for the pair currently is 81 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 110.42 in a large range but with the pair trying to trend out of that range (?). We are looking to continue up to the S5/Range Bottom @ 108.39. The average daily true range (ATR) for the pair currently is 88 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2880 and in a symmetrical triangle and a range. A couple of different scenarios: 1: Bullish: a move to the 1.270 Fibo @ 1.3192 area and 2: Bearish: A break down to the square up support @ 1.2551. The average daily true range (ATR) for the pair currently is 99 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7440 in a nice range. We are looking for a continuation to the 1.270 Fibo @ 0.7618. The average daily true range (ATR) for the pair currently is 55 pips.

Posted to Introduction to Forex Targe… on Jun 03, 2017 — 9:06 AM
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