Target Trading in the Forex week of Feb 28th, 2016 (EU,UJ,GU,AU)

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0922. We are looking to continue to the Support @ 1.0730 with a potential continuation to the Day chart bottom @ 1.0536. The average daily true range (ATR) for the pair currently is 84 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 113.93. We are looking for a reversal to the upside initially to the R% @ 114.73 and overall to the R6 @ 117.00 area. The average daily true range (ATR) for the pair currently is 121 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.3864 back in a 5th wave. We are looking for a final move to the S7 @ 1.3656 and a POSSIBLE bounce back to the to the1.4000. The average daily true range (ATR) for the pair currently is 148 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7132 in a wedge in a large range. We are looking for a continuation move to the R5 @ 0.7352 and an overall target of the resistance @ 0.7452. The average daily true range (ATR) for the pair currently is 82 pips.

Posted to Introduction to Forex Targe… on Feb 28, 2016 — 4:02 PM
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