Target Trading in the Forex week of June 18th, 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1120 (5 pips difference then last week). 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 67 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 110.84 in a range. We are looking to continue down to the Bottom @ 108.37 area. The average daily true range (ATR) for the pair currently is 93 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2784 and in a trend down due to the election. WE are looking to move first to the S5 Target @ 1.2602 and then to the 0.786 Fibo @ 1.2512. The average daily true range (ATR) for the pair currently is 108 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7623 in a channel. We are looking to continue to the 1.618 Fibo @ 0.7698 and then print a 4th wave before resumption to the 0.7800 Target. The average daily true range (ATR) for the pair currently is 56 pips.

Posted to Introduction to Forex Tar... on Jun 17, 2017 — 9:06 AM

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